For its new Texas semiconductor factory, Samsung going to have to lengthen the tickets… much more than expected. That’s what this week tells us Reuters. The British Press Agency reports that the korean giant is expected to ultimately shell out a total of more than $25 billion for its plans to build a chip factory in Taylor, northeast Austin, Utah. Texas.
Compared to the initial budget, this project should thus cost a little more than 8 billion additional dollars to Samsung, we learn. A drastic budget increase mainly due to inflation. ” Rising construction costs account for about 80% of the increase “In particular indicated one of the anonymous sources of Reuters, close to the file, adding that” Imaterials have become more expensive “.
A plant that should enter service in 2025
” The later the factory is completed, the higher its cost will be “Commented another anonymous source quoted by Reuters. ” Estimated cost could rise further if Taylor plant construction is delayed “, she said. Contacted, Samsung did not wish to comment on this increase in the budget, or on its most recent objectives concerning the opening of the site. According to Reuters, Samsung’s factory in Taylor, announced in 2021, should be completed by 2024 and start producing its first chips during 2025.
The beginnings of the site would then be made before the deadline of 2026 planned by Samsung to secure its investment tax credits, it reads. Once completed, the site should contribute to the creation of 2,000 jobs and lead to the manufacture of chips dedicated to AI, 5G and more generally to the brand’s smartphones.
Still, even by respecting its schedule, Samsung could be forced to revise its budget again upwards thereafter. And he wouldn’t be the only one in this situation. Last year TSMC, the world’s largest independent foundry, for example, announced that it was going to be forced to triple the amount of its initial investment for the construction of a new semiconductor factory, based this time in Arizona. Total budget: 40 billion. Same scenario for Intel and its factory project in Ohio, whose construction cost could increase from 20 billion … to a maximum of 100 billion dollars.
