(Photo: Alerkiv/Unsplash)
Samsung's Austin manufacturing facility. (Photo: Samsung)
The conglomerate’s plan to open a new chip plant dovetails with a global chip shortage ExtremeTech readers are by now intimately familiar with. Samsung Vice Chairman Lee Jae-yong reportedly visited the United States to speak with White House officials about the shortage and discuss federal incentives for chipmakers. According to sources for The Korea Times, Samsung planned(Opens in a new window) to reveal the location for the plant once Jae-yong returned home to South Korea this week, but now the cat is out of the bag.
The Biden administration has been pushing for increased US chip manufacturing, recommending earlier this year that a cool $50 billion(Opens in a new window) be put into research, development, and actual production of the highly sought-after resource. Semiconductors are in just about everything these days, and production delays related to Covid-19 have drastically impacted output, causing the tiny chips to be in short supply. Given that the shortage isn’t expected to end anytime soon, manufacturers and government officials alike see semiconductor fabrication as an opportunity to bolster the US economy and compete with countries such as China and Taiwan, which currently lead in production.
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