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Investment in New Semiconductor Plant in Texas, US

23rd Dec 2024 07:00

RNS Number : 0910R
Samsung Electronics Co. Ld
23 December 2024
 

Investment in New Semiconductor Plant in Texas, U.S.

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("Samsung

Electronics" or the "Company"), on December 23, 2024, announced the following

matters.

 

1. Title: Investment in New Semiconductor Plant in Texas, U.S.

 

2. Main Points

- Samsung Electronics has signed a Direct Funding Agreement (DFA) with the U.S.Department of Commerce for semiconductor subsidies of USD 4.745 billion underthe CHIPS Act.

- The projected investment of USD 37 billion or more will be allocated to coverconstruction and equipment costs, with operations tentatively set to commence in 2026.

- However, the target date of commencement and investment amount may changedepending on the situation of the Company and/or the market, etc.

- Samsung Electronics plans to expand its capacity for production ofsemiconductors through this investment to address growing demands for core,cutting-edge system semiconductors as well as to contribute to the stabilization of theglobal semiconductor supply chain.

 

3. Decision Date (Confirmation Date): December 21, 2024

 

4. Other important information regarding investment decisions

- The Decision Date refers to the announcement date of the DFA with the U.S.Department of Commerce.

- The schedule and investment amount mentioned above are forward-lookingstatements and are subject to change depending on the situation of the Companyand/or the market, etc.

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