Samsung wants to build more semiconductor manufacturing plants in the US

Samsung is preparing to build more chipmaking facilities in the US. In doing so, the company believes that government subsidies make up for the difference in costs compared to building sites in Asia.

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This information was shared by Jon Taylor, corporate vice president of manufacturing organization. Samsung plans to build a new plant in Texas due to the desire to meet demand for semiconductors in the U.S.

Samsung's first plant in the U.S. appeared in 1996. The second plant had to wait 11 years. Both sites are located in Austin. Next year, the company intends to launch a state-of-the-art contract manufacturing facility for semiconductor products, but will not stop there.

The new facility will cost $17 billion, more than half of which ($11 billion) the South Korean company will invest in equipment purchases.

By the end of the decade, Samsung wants to lead the semiconductor market. TSMC of Taiwan is now the leader. Intel, meanwhile, has also declared a plan to become one of the top two players by this time.

Source: CNBC