Samsung will invest about $17 billion to build a new 5nm wafer foundry in the United States

Recently, South Korean President Moon Jae-in visited the United States, and high-level South Korean companies such as Samsung and SK Hynix also accompanied the visit. At the summit of US and South Korean government leaders, Moon Jae-in announced plans for related Korean companies to invest in the United States, covering the most important semiconductor and new energy vehicle battery industries.

Image: Samsung

According to ETimes reports, Samsung announced at this summit that it will invest approximately $17 billion in the United States to build a new advanced process wafer fab. The location is basically determined to be in Austin, Texas. It is planned to start construction in the third quarter of this year and start operations in 2024. The EUV foundry will be built and a 5nm process node will be used. At present, the process of Samsung’s wafer fab in the United States has only advanced to 14nm. In the future, the use of the 5nm process can further meet the needs of customers in the United States. Samsung stated that the project will create 1,800 jobs, and it is hoped that the U.S. federal government and the Texas state government can provide more support such as tax relief and financial subsidies.

For a long time in the past, California has been a gathering place for many high-tech companies, but in the near future, Texas may become a new base for the industry. HP, Oracle, and Tesla have successively moved their headquarters to Texas. In addition to Samsung, NXP, and Texas Instruments all have fabs here, and there is a trend to expand production capacity in this industry shortage.