Samsung Eyes Second Chip Factory Site In Texas: Bloomberg

Samsung Electronics Co Ltd SSNLF explores a second location in Texas for its $17 billion U.S. semiconductor plant, Bloomberg reports.
It is eyeing a six million-square-foot site apart from a previously disclosed expansion of its Austin base.
Samsung is likely to begin construction at the Williamson Country site around Q1 of 2022, with targeted production by the final three months of 2024.
The company was in discussions to locate a facility in Austin, Texas, for fabricating chips as advanced as 3 nanometers. It will further intensify chip rivalry with Taiwan Semiconductor Manufacturing Co Ltd TSM.
It’s also evaluating alternative sites in Arizona, New York, and South Korea.
Samsung plans to invest $151 billion through 2030 into its foundry and chip design businesses to compete with TSM by offering 3nm chips in 2022.
Price action: TSM shares traded lower by 0.31% at $117.14 on the last check Friday.