Monday, May 24, 2021 / by Juan Grimaldo
Samsung: $17B chipmaking plant will be built in US; no site decision yet
Despite widespread speculation that Austin will be home to its $17 billion chipmaking plant, Samsung officials told Austin Business Journal on May 21 that a decision has not yet been made.
But the tech giant has decided to build its next plant somewhere in the United States — either in Texas, Arizona or upstate New York — rather than its home country of South Korea.
"As part of our efforts to effectively respond to the needs of global customers and the growing demand for various applications, Samsung plans to invest $17 billion to expand our foundry capability in the U.S. We are still in negotiations over the expansion of our semiconductor manufacturing facilities, taking into consideration various factors, and are looking at a number of locations within the U.S. Specific details have yet to be decided," Michele Glaze, a Samsung spokesperson, said in a statement.
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By: Kathryn Hardison, Staff Writer - Austin Business Journal