Here’s when construction of Samsung’s US semiconductor plant will be complete – Times of India

SamsungIn addition to this Taiwan Semiconductor Manufacturing Co. ,TSMC), is expanding its manufacturing footprint in the US by setting up a new semiconductor plant. The South Korean giant has now provided an update on the work done regarding the construction of a new semiconductor plant in Taylor, Texas.
According to samsung electronics Chief Executive Kyung Kye-hyun, construction of the new plant is progressing smoothly and will be completed this year as per schedule.

“Construction at Taylor is on track. The fab will be finished within this year and will begin producing best-in-class products next year,” said Samsung co-CEO Kyung, who is in charge of the tech giant’s chip business, in an Instagram post. . ,
Samsung’s $17 billion investment
In November 2021, Samsung announced that it would build a $17 billion advanced chip facility in the city “to help boost the production of advanced logic semiconductor solutions that power the next generation of innovations and technologies”.
It considered factors such as “the local semiconductor ecosystem, infrastructure sustainability, local government support and community development opportunities, as well as proximity to Samsung’s current manufacturing site in Austin” before choosing a manufacturing site.
TSMC is also building a semiconductor plant
Besides Samsung, Taiwanese giant TSMC also announced last year that the company will manufacture 3-nanometer (3nm) advanced chips at its Arizona factory. TSMC supplies chips to Apple and other companies.
“Three-nanometer, TSMC has a plan now, but it’s not fully finalized. It’s almost finalized — in the same Arizona site, phase two. Five-nanometer is phase one, 3 -nanometer is step two,” said the founder Morris Chang According to news agency Reuters during a press conference in Taipei.
us President Joe Biden And the boss of the Taiwan-based firm opened a factory in Arizona. Its Arizona plants will produce the 3-nm and 4-nm chips used for iPhone processors. According to TSMC President Mark Liu, the firm will build two semiconductor manufacturing plants, the first of which is expected to come online by 2024.
TSMC to triple investment in US plant
According to a BBC report, TSMC will more than triple its investment in a giant US plant to $40bn (£33bn), becoming one of the largest overseas investments in US history.
In November 2020, the Taiwanese giant was given the US green signal to build a $12 billion chip plant in Phoenix, Arizona. TSMC’s Fab 18, located in Tainan City, Taiwan, is the main 3nm production facility.

Taiwan Chips Act
According to a Bloomberg report, Taiwan has passed the CHIPS Act that will allow local chip firms to convert 25% of their annual research and development spending into tax credits.
“As the United States, Japan, South Korea and the European Union are all offering massive incentives to build domestic supply chains, Taiwan must boost the global competitiveness of its core industries. The new rules will help encourage Taiwanese companies to keep their roots here, Taiwan’s Ministry of Economic Affairs said in a statement on Saturday.
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