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Investment in Fabrication Plant

24th Nov 2021 08:11

RNS Number : 4338T

Samsung Electronics Co. Ld

24 November 2021

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("Samsung") announced today that it reached an agreement to construct a new fabrication plant in Taylor, Texas, USA. Samsung plans to expand its production capacity of semiconductors through this investment to address growing demand for core, cutting-edge system semiconductors as well as contribute to the stabilization of the global semiconductor supply chain. Construction will begin in the first half of 2022, and mass production is slated to start in in the second half of 2024. The total investment, including construction and equipment, is estimated at USD 17 billion.

※ The schedule and investment amount mentioned above are forward-looking statements and are subject to change depending on the situation of the Company and/or the market.

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