Samsung's new Texas chip foundry spending plan faces delays

Samsung's spending plans for its newly planned chip foundry in Taylor, Texas, are facing delays. In November 2021, Samsung Electronics announced that it will build a new chip foundry in Tyler, Texas, the United States. The factory covers an area of ​​more than 5 million square meters and is expected to invest $17 billion, including plant construction, machinery, and equipment.

After completion, the factory will use advanced process technology to produce advanced chips for mobile devices, 5G, high-performance computing, artificial intelligence, and other fields, with the goal of being operational in the second half of 2024.

Samsung had originally planned to start producing equipment in October next year, but that plan has now been pushed back to December next year and may even be pushed further to 2024, the sources said, mainly due to the recent downturn in the global chip market.

Samsung Electronics will build a new chip foundry in Tyler, Texas, which is the company's second chip foundry in the United States and is expected to be the company's most advanced factory to date.

The new factory will expand Samsung's ability to compete with other chipmakers, including TSMC, which makes chips for Apple's iPhones.

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