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Samsung’s flagship U.S. facility expects to go live in 2023
05.02.2021 [04:57],
Alexey Razin

South Korean Samsung Electronics already has a Texas facility that manufactures mature lithographic components. According to preliminary data, a more modern production will appear here. The company is ready to spend $ 17 billion on the construction of the enterprise, it will begin its work in the third quarter of 2023.

Image source: Reuters

Details of Samsung Electronics’ plans are shared by Reuters, citing regional media and documents sent to Texas authorities. The Korean company already has a plot of 259 hectares, on which a new plant, covering 650 thousand square meters, can be built. Texas is not the only location being considered for the construction of a plant, with Arizona and New York competing with this state. The authorities of the last state, as noted, even approached Samsung with an invitation to build an enterprise in the region, promising in exchange for government subsidies. The Texas authorities are ready to provide Samsung with at least $ 805.5 million in tax breaks, distributed for a period of twenty years. Earlier it was reported that in the US Samsung will be able to produce 3nm products.

The construction budget will reach $ 17 billion, if there is a positive decision on the project, the foundation will be laid in Texas in the next quarter, and the enterprise will be able to issue products in the third quarter of 2023. It can be expected that Samsung will try to get ahead of TSMC with a competing project, which involves the construction of a plant in Arizona for the production of 5nm products. Taiwanese company intends to start manufacturing 5nm products in the US by 2024. TSMC is ready to spend $ 12 billion on the construction of the enterprise, but also expects the US authorities to provide some subsidies.

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