![Samsung plans to invest $10 billion in Chip making Plant in US Samsung plans to invest $10 billion in Chip making Plant in US](https://varindia.com/storage/news/uploads/2018/02/600e83bd9c44a.jpg)
As per news source, Samsung is planning to invest over $10 billion (roughly Rs. 73,000 crores) in building its most advanced logic chip making plant in the US.
People aware of this said that the company is in discussion phase to locate a facility in Austin, Texas. The facility will manufacture chips as advanced as 3 nanometres. As per sources, the plans are in primary stage and may change in future but the as of now the aim is to kick off construction this year, install major equipment from 2022, then begin operations as early as 2023.
While the investment amount could fluctuate, Samsung's plans would mean upwards of $10 billion (roughly Rs. 73,000 crores) to bankroll the project, a source said.
The envisioned plant will be its first in the US to use extreme ultraviolet lithography, the standard for next-generation silicon, the people said, asking not to be identified talking about internal deliberations.
If Samsung takes it ahead then it would effectively go head-to-head on American soil with TSMC, which is on track to build its own $12 billion (roughly Rs. 87,650 crores) chip plant in Arizona by 2024. Samsung is trying to catch TSMC in the so-called foundry business of making chips for the world's corporations -- a particularly pivotal capability given a deepening shortage of semiconductors in recent weeks.
Under Samsung family scion Jay Y. Lee, the company has said it wants to be the biggest player in the $400 billion (roughly Rs. 29,22,400 crores) chip industry. It plans to invest $116 billion (roughly Rs. 8,47,500 crores) into its foundry and chip design businesses over the next decade, aiming to catch TSMC by offering chips made using 3-nanometre technology in 2022.
Samsung's US branch purchased land in October right next to its existing Austin fab, which is capable of running older processes. The Austin City Council held a meeting in December to discuss Samsung's request to rezone that parcel of land for industrial development, according to meeting minutes.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.