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Samsung Electronics could begin construction of a new US chip factory in Q3.



SEOUL (Reuters) – Samsung Electronics Co Ltd was able to begin construction of a $ 17 billion chip factory in the third quarter of this year with a target of opening up in 2024, the South Korean newspaper reported late on Monday.

Samsung is planning to implement an advanced 5nm ultraviolet lithography (EUV) chip manufacturing process at its facility, expected in Austin, Texas, the Electronic Times reported, citing an unnamed industry source.

Samsung said no decisions have been made yet.

Previous filings to Texas officials showed Samsung was considering Austin as one of the sites for a new $ 17 billion chip factory that the South Korean company said could create 1

,800 jobs.

U.S. President Joe Biden has offered $ 50 billion to support chip manufacturing, prompting companies such as Intel Corp and the world’s No. 1 chip maker Taiwan Semiconductor Manufacturing Co to consider major new investments.

(Reporting by Joyce Lee; (Edited by Stephen Coates)


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