Samsung suppliers expand in Texas as Taylor plant nears operation
Seoul [South Korea], November 10 (ANI): Samsung Electronics Co.'s key suppliers are rapidly moving to Taylor, Texas, as the South Korean technology company's new semiconductor foundry nears its launch next year, as per a report by Pulse, the English service of Maeil Business News Korea.
Citing industry sources, the report states that several of Samsung's materials, components, and equipment partners, including Dongjin Semichem Co., Soulbrain Co., Fine Semitech Corp., and Hanyang ENG Co., are establishing production facilities and hiring workers in Texas to align with Samsung's expansion plans.
Hanyang ENG, a facilities and piping specialist, has set up a North American headquarters in Texas as it prepares to support Samsung's foundry operations," the report said.
The site will cover around 860,000 square meters, with development planned in three stages: completion of phase one in 2027, phase two in 2029, and phase three in 2031. Over 100 participants from Korea, Texas, and related companies are expected to attend the event.
"Samsung named Taylor its next-generation foundry hub in late 2021 and announced a USD 17 billion investment. The company plans to invest more than USD 37 billion by 2030 to build a U.S. semiconductor production base. Suppliers have since begun establishing semiconductor materials, components and equipment plants or setting up US headquarters, effectively relocating a Korean-style semiconductor supply chain," Pulse reported.
An industry official cited by Pulse said, "Samsung's partners expanding into Texas represents more than factory construction and signals the start of building a full semiconductor ecosystem in the U.S." (ANI)
Next Story