Samsung, chosen the location of the new US foundry worth 17 billion | Rumor

The new US factory of Samsung Foundry from 17 billions of dollars will rise in Texas , according to the Wall Street Journal : so far there were several sites in contention, including Arizona and New York , but according to internal sources, Samsung ultimately opted for Taylor, a Texan city from about 16. 000 inhabitants according to the last census of 2020. Official confirmation could come in just a few hours: Texas Governor Greg Abbott will hold a press conference at 10: 00 local, which correspond at midnight Italian. It has not been anticipated what will be announced, but it has been confirmed that it will be something of an “economic” nature.

Sources say the foundry will be built on approximately 485 hectares of land. Once fully operational, it will guarantee up to 1. 800 stable jobs; chip production could start in 2024 . It is reasonable to assume that Texas has offered very advantageous conditions to Samsung for a plant of this size: for example, there are rumors of a discount up to 90% in real estate taxes for the former 10 years, which will gradually decrease in the following decades. For context it is good to remember that Samsung already has a foundry in Texas, in the city of Austin (also considered as a potential site for the new plant), which however should be much smaller than the new one.

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It is not clear what types of chips Samsung will produce in the new foundry, but let’s say that with the global crisis we are going through, any news in this sense is welcome, even if it is expected (hopefully!) That for the 2024 the situation will improve markedly – in fact the projections indicate that by that time we should be in a situation in a certain opposite direction at present, with an overabundance of supply over demand, but it is better to be cautious with optimism. We are in unprecedented conditions and it is very difficult to make reliable predictions, especially in the long term.

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