Samsung announces the construction of a new chip plant in the US.

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Washington, Nov 23 (EFE) .- Samsung announced on Tuesday that it will build a new advanced chip plant in the state of Texas (USA), in which it will invest 17,000 million dollars.

The plant will be located in the town of Taylor, about 50 kilometers from the city of Austin, where Samsung already has a semiconductor plant.

The new plant will be larger than the one in Austin and will employ up to 2,000 people.

Samsung said in a statement that it will produce advanced processors there for applications in areas such as mobility, 5G, high-performance computing and artificial intelligence.

The plant will not start producing chips until the second half of 2024, so it will not alleviate the semiconductor crisis that grips the North American automotive sector, among other industrial sectors, and which has forced a reduction in the number of vehicles to be manufactured this year. .

The Administration of US President Joe Biden has made increasing local semiconductor production a national priority to reduce dependence on chips from abroad and prevent a repeat of this year’s supply crisis.

The US Senate has approved a plan to allocate $ 52 billion in subsidies for the construction of new chip production plants.

According to the Semiconductor Industry Association, which groups together the country’s semiprocessor producers, the global share of chip production in the United States has dropped from 37% in 1990 to 12% today.

The vice president of the board of directors and CEO of Samsung Electronics, Kinam Kim, stated that the increased production capacity that Taylor will provide will allow the South Korean company to “better serve the needs” of its customers and “contribute to the stability of the global supply chain. semiconductor supply “. EFE

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