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Samsung to announce $ 45 billion in new factories in May

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Back in January, there were reports that Samsung was planning to open new factories in the US. Fresh data from South Korea indicates Samsung may announce investment plans in the US and Pyeongtaek, South Korea next month. The total investment in these new plants will be $ 44.74 billion.

In particular, investments in the construction of a second plant in the United States are estimated at $ 17 billion. The plant can be located in Texas, Arizona or New York. However, there are reports that the most likely location for the plant is Austin, Texas, where the company’s first plant is located.

Construction of a new Samsung plant in the US will kick off this year. The company will install all of its major equipment in 2022 and production will begin in 2023. As of last October, Samsung had applied to Travis County, Texas to buy 258 acres of land next to its plant. In 1996, Samsung opened an office in Austin and then expanded its semiconductor plant twice. The company recently completed the implementation of foundry equipment and a NAND flash production line.

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