Samsung's Billion-Dollar Texas Chip Factory Might Arrive! Creating More Jobs and Solving SoC Scarcity

By Giul Martin First Posted: Nov 24, 2021 10:46 AM EST

Samsung's billion-dollar Texas chip factory might soon become a reality. The new manufacturing facility would act as a solution for the ongoing global chip shortage and create more jobs for the residents of Texas.

Samsung's Billion-Dollar Texas Chip Factory Could Arrive! Creating More Jobs and Solving SoC Scarcity

(Photo : Photo by David Ramos/Getty Images)
A logo sits illuminated outside the Samsung pavilion on the opening day of the World Mobile Congress at the Fira Gran Via Complex on February 22, 2016 in Barcelona, Spain. The annual Mobile World Congress hosts some of the world's largest communications companies, with many unveiling their latest phones and wearables gadgets.

According to CNN Business' latest report, the new factory would cost $17 billion. It would be a part of the giant smartphone maker's efforts to tackle the global SoC scarcity, which affects various manufacturers across the globe.

Samsung also said that it would be the largest investment it would ever make in the United States, confirming that 2,000 high-tech job positions would be opened. The giant tech firm added that thousands of jobs would be added once the factory is in full operation.

Samsung's Billion-Dollar Texas Chip Factory

CNBC reported that Samsung would start building the new giant SoC manufacturing facility as early as 2022's Q1. When it comes to completion, the tech giant firm expects the factory to be finished as early as 2024.

Samsung's Billion-Dollar Texas Chip Factory Could Arrive! Creating More Jobs and Solving SoC Scarcity

(Photo : Photo by Chung Sung-Jun/Getty Images)
The Samsung logo is displayed at the Samsung office on August 25, 2017 in Seoul, South Korea. Prosecutors are seeking a 12-year jail sentence. Lee, de facto chief of South Korean conglomerate, faces five charges connecting the bribery scandal involving ousted former President Park Geun-hye and her confidant Choi Soon-sil. The verdict affects the business of Samsung, which has launched new Galaxy Note 8 smartphone to wipe out the misery of exploding Note 7 last year.

"With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain," said Samsung Electronics CEO Kinam Kim.

Back in August, Samsung made a huge enhancement in its SoC sector. Thanks to its massive efforts, it was able to overtake Intel, one of the top chipmakers across the globe.

But, Forrester Vice President Glenn O' Donnell explained that Samsung still needs to have more capacity to make its SoC business successful, just like other chip manufacturers.

Samsung Texas Chip Factory's Other Details

The billion-dollar budget for the upcoming chip factory in Texas would include a lot of things that Samsung would definitely need to enhance its SoC manufacturing business.

It would cover the needed machinery, equipment, property improvements, as well as buildings. Meanwhile, Samsung Newsroom confirmed that the giant smartphone maker is now planning to expand its green chip lineup.

On Nov. 22, the company's memory products, five of them, achieved global recognition after reducing carbon emissions efficiently. You can click this link to see more details.