Report: Samsung to start building second Texas chip plant in November
Construction of a second Samsung chip plant in Taylor, Texas, is reportedly due to begin in November. Mass production is planned for 2030; the first plant is set to start operating at the end of 2026.
Graphic: TERRA WORLD NEWS (own graphic based on the sources listed)
South Korean electronics group Samsung plans to start building its second chip plant in Taylor, Texas, in November, according to media reports. The industry portal DIGITIMES and Connect CRE, citing the Austin Business Journal, are among those reporting it; the site SammyGuru refers to Korean outlet The Guru. Samsung had not initially confirmed the exact date itself. According to SammyGuru, the company had already confirmed on its July earnings call that it wanted to start construction this year.
According to Connect CRE, the second plant will cover around 2.7 million square feet, about 250,000 square metres, making it roughly 1.5 times the size of the first. Mass production is planned for 2030. The first Taylor plant is due to begin operating at the end of 2026 and move into volume production in 2027. According to SammyGuru, that plant has already begun prototype production of Tesla's AI5 chip on a 2-nanometre process. In July, Samsung said its advanced foundry capacity was not keeping up with demand.
In total, Samsung plans to invest more than 37 billion dollars in Central Texas, covering two advanced chip plants and a research centre in Taylor as well as the expansion of existing facilities in Austin. The company is eligible for up to 4.745 billion dollars in direct grants under the US CHIPS Act. Its best-known customer is Tesla, with which Samsung has a 16.5 billion dollar supply deal running to 2033. Industry observers expect Samsung to use the plants to narrow the gap with market leader TSMC.