Samsung Electronics Likely to Build New US Chip Plant 

Samsung Electronics Likely to Build New US Chip Plant

Samsung Electronics is most likely to begin construction of a $17 billion US chip plant which was planned earlier in Q3 of 2021. The target is to make the plant operational in 2024, revealed Electronic Times. 

Samsung plans to apply a superior 5-nanometer extreme ultraviolet (EUV) lithography chip-making process that is expected to be in Austin, Texas. However, Samsung noted nothing had been decided as 0of now. 

As per previous documents filed with Texas, officials indicated that Samsung is considering Austin as one of its primary sites for the new $17 billion chip plant. This could generate nearly 1,800 jobs.

Source: Reuters

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