Samsung’s $17B chip plant in Central Texas has been pushed back again.
Samsung's $17B chip plant delayed again in Central Texas
Plans for much production have been put off for another two years because of Samsung Electronic Co.’s new chip plant in Central Texas.
It was first said that the first fabrication plant at Samsung’s $17 billion Taylor site would open as early as next month, but now it will not open until 2026. MySA was told by a Samsung representative that the company does not yet have a set date for an opening event.
This is not the first time the project has been held up since it began. There were rumors in December 2023 that Samsung had put off full production until 2025. In a speech that same month, Choi Siyoung, President of Samsung Foundry, talked about this.
Two months later, in February, Williamson County Judge Bill Gravel told the county commissioners that Samsung’s project, which had been delayed, was now “on time” and would start making things and letting people move in no later than July 1. At first, the plant was supposed to be fully up and running by the beginning of 2024.
No one seems to know what might be causing this new slowdown in operations. But in April, the CHIPS and Science Act gave Samsung $6.4 billion in direct funds so that the big tech business could make even more chips in Central Texas. These delays could slow down President Joe Biden’s plan to make more chips in the U.S. so that there aren’t any more supply problems in a very important election year.
The people in Williamson County, which is just over 20 miles east of Austin, are also getting ready for the economic growth that Samsung will bring to the area. This month, the Texas Department of Transportation (TxDOT) opened a new “Samsung Highway” to make getting to and from the building easier.
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