Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.
“It’s a concentration risk, a geopolitical risk” to be so reliant on Taiwan for much of the world’s chip production, said Nina Turner, an analyst at IDC. She said the current shortages will likely subside but there will be a long-term demand for chips as more and more everyday products rely on them. Zino said another factor is the expectation that Congress will approve federal subsidies for the semiconductor industry to build its factories in the U.S., in the hopes it will bring jobs, lessen future supply concerns and give the U.S. more leverage over economic rivals like China that have subsidized production.
Several chipmakers have signaled an interest in expanding their American operations if the U.S. government is able to make it easier to build chip plants. Micron Technology, based in Boise, Idaho, said it will invest $150 billion globally over the next decade in developing its line of memory chips, with a potential U.S. manufacturing expansion if tax credits can help make up for the higher costs of American manufacturing.
“My expectation is it’s going to be foundry-based in nature,” he said of the Texas plant. “It’s in line with their intent to triple their foundry capacity.”
GREAT...
This will do nothing for the present day problems in the auto industry. The technology used in cars today is old. Why would any company build semi conductors plant for cars that will soon be changing to electric.
And the minute they find out they make $100 less in profits during the year...BOOM, ship the jobs to China.
Will you buy a Samsung phone now?
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