Samsung Restarts Texas Chip Plant for Tesla's Next-Gen 2nm Chips
Samsung is restarting construction on its semiconductor plant in Taylor, Texas, after pausing the project in 2024 due to a global chip demand slowdown. The renewed momentum is tied to a contract with Tesla for next-generation 2nm chips, providing demand certainty for the expansion.
The project, now scaled back from its original $18 billion, 5nm EUV plan, will still bring significant benefits to the region. Samsung is investing an additional $4 billion, with $2.87 billion allocated for critical manufacturing equipment. The Texas plant is expected to generate thousands of high-tech jobs, with engineers being onboarded in two phases starting in September and continuing in November.
Samsung plans to produce advanced 2nm chips using its SF2P process at the Texas plant, powering future electric vehicles and AI systems. This restart underscores Samsung's commitment to the U.S. semiconductor industry, positioning the company at the center of U.S. technology growth.
The Taylor fab marks a pivotal step in both the recovery of the semiconductor industry and the future of innovation in the United States. Despite the project's scaling back, it is still expected to deliver long-term economic benefits to the region, creating jobs and driving growth.
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