According to the latest information, Samsung is looking to complete the construction of a new semiconductor plant in Taylor, Texas this year. The process is going smoothly Samsung Electronics Chief Executive Kyung Kye-hyun has said.
“The construction in Taylor is on track,” Kyung, co-CEO at Samsung who is in charge of the tech giant’s chip business, wrote in an Instagram post. “The fab will be finished within this year and start producing the best products next year,” he added.
Apart from the statement, Kyung also shared a photo of Williamson County Judge Bill Gravell giving him a Samsung Highway road sign.
Back in November 2021, the South Korean tech giant said it will build a $17 billion advanced chip facility in the city to “help boost production of advanced logic semiconductor solutions that power next-generation innovations and technologies”.
Apart from Samsung, Taiwanese giant TSMC also announced last year that the company will build 3-nanometre (3nm) advanced chips at its Arizona factory.