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Samsung Electronics commits $20 billion to build a major chip factory in Texas. This investment targets Taylor, Texas, near Austin. The company confirmed the news today. This project represents a huge expansion for Samsung in the state.
(Samsung Electronics announces $20 billion investment in Texas to build a chip factory)
Construction involves two separate phases. One phase focuses on chip manufacturing. The other phase creates an advanced packaging facility. These facilities will make critical components for devices. These devices include phones and artificial intelligence technology.
The project expects to generate thousands of jobs. Samsung estimates roughly 17,000 construction jobs. The company also plans about 4,500 permanent manufacturing positions. These jobs will support the local economy for years.
Building the new facilities starts immediately. Samsung aims to start production in 2026. The company needs this new capacity. Demand for advanced chips keeps rising globally.
This investment strengthens Samsung’s position in the US market. The company already operates a large chip factory in Austin. The new Taylor site becomes another key manufacturing hub.
The US government supports this project. Officials see it as vital for American chip supply. Recent laws encourage domestic semiconductor production. Samsung’s move aligns with this national strategy.
Texas leaders welcomed the announcement. They highlighted the major economic benefits. State officials offered significant incentives to secure the investment. Samsung chose Taylor after a long site search.
(Samsung Electronics announces $20 billion investment in Texas to build a chip factory)
The new factory will produce cutting-edge semiconductors. These chips power next-generation technology. Samsung remains a top global chipmaker. This expansion helps meet growing customer demand worldwide. Production at the Taylor site begins in 2026.