Samsung Electronics Co Ltd (OTC: SSNLF) is exploring a moment in Texas for its US$17 billion semiconductor plant, Bloomberg reports.
It envisions a six million square foot outdoor site from an expansion of its Austin base revealed in the past.
Samsung is expected to begin structuring in Williamson Country around the first quarter of 2022, with specific production during the last 3 months of 2024.
The company is in talks to locate a facility in Austin, Texas, to make chips as complex as 3 nanometers, which will further accentuate the chips’ rivalry with Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM).
It also evaluates election sites in Arizona, New York and South Korea.
Samsung plans to invest $151 billion through 2030 in its casting and chip design to compete with TSM through the supply of 3nm chips in 2022.
Price action: TSM shares were trading lower 0. 31% at $117. 14 in the most recent on Friday.
See about Benzinga
Click here to view Benzinga’s transactions
Ho Chi Minh City orders Samsung to suspend production after pandemic resurgence: Bloomberg
© 2021 Benzinga. com. Benzinga offers investment advice All rights reserved.