Samsung considers four sites in U.S. for $17 bln chip plant
3 years, 9 months ago

Samsung considers four sites in U.S. for $17 bln chip plant

The Hindu  

Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials. The tech giant is Samsung is in talks with the sites at Arizona and New York, with each offering property tax abatement and "significant grants and/or refundable tax credits" to fund infrastructure improvements, the documents said. The new plant Samsung plans to build would produce "advanced logic devices" for Samsung's chip contract manufacturing business, and could create 1,800 jobs, according to previous documents filed with Texas state officials. Samsung already has a chip plant in Austin, which due to shutdowns caused by a winter storm last month is expected to need a couple of weeks to resume production.

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History of this topic

TSMC, Samsung mull building big chip factories in UAE, WSJ reports
3 months ago

TSMC, Samsung mull building big chip factories in UAE, WSJ reports

Hindustan Times  

Sept 22 - Two of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday. HT Image Top executives at TSMC have visited the UAE recently and talked about a plant complex on …

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’
5 months, 2 weeks ago

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’

Hindustan Times  

Samsung Electronics Co.’s labor union of 28,000-plus workers has declared an indefinite strike escalating a dispute with South Korea's biggest company. The move threatens production at the world’s largest maker of memory chips and comes after thousands of workers rallied outside Samsung’s chipmaking complexes south of Seoul marking a three-day walkout demanding better pay. Members of the National Samsung Electronics …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
7 months, 3 weeks ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung Expands Facility In Greater Noida, To Start Manufacturing Laptops Next Month: Report
1 year, 2 months ago

Samsung Expands Facility In Greater Noida, To Start Manufacturing Laptops Next Month: Report

ABP News  

With 44 IT hardware manufacturers including global PC makers registering to manufacture laptops, tablets and PCs in India last month, Samsung has become the latest OEM to begin assembling laptops locally, says a report by Mint published on Tuesday. The South Korean tech giant will manufacture close to 70,000 devices at its plant in Greater Noida, Uttar Pradesh which currently …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more
2 years, 4 months ago

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more

India TV News  

Samsung Electronics held a groundbreaking ceremony for its new semiconductor research and development complex in Seoul, in a move to bolster its global leadership in cutting-edge chip technology. Samsung plans to invest around 15.06 billion USD by 2028 for the 109,000-square-meter complex within its Giheung campus in Yongin, which is 50 km from the south of Seoul. The ceremony drew …

Samsung seeks tax breaks on $192 billion potential chip plants in Texas
2 years, 5 months ago

Samsung seeks tax breaks on $192 billion potential chip plants in Texas

The Hindu  

Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities. The documents gave the first public estimate of the potential value of the proposed new investments, showing the plants would cost $12 billion-$23 billion each and create 900 jobs or …

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency
2 years, 5 months ago

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency

Firstpost  

Samsung has become the first SoC manufacturer to break into the 3nm chips, which promises huge performance and efficiency gains, going up to 50 per cent. While chip designers and manufacturers like Apple, Qualcomm and TSMC have aced the 4nm, 5nm & 6nm processors for some time now, Samsung has just made the world’s first 3-nanometer chips. Samsung said the …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 5 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung’s phone production to take a major hit this year, will be producing 30 million units less
2 years, 6 months ago

Samsung’s phone production to take a major hit this year, will be producing 30 million units less

Firstpost  

Samsung had forecasted that in 2022, they will be making about 310 million smartphones. Samsung has apparently informed its production partners and distributors that it plans on shipping only 280 million smartphones this year, as opposed to the previous forecast of 310 million units. However, South Korean investment analysts also allege, that there is a strong possibility that Samsung may …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung in talks to hike chipmaking prices by up to 20%
2 years, 7 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 7 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage
3 years, 1 month ago

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage

Firstpost  

Samsung has said it will start building the brand-new semiconductor plant in Austin, Texas next year and hopes to begin operations in the second half of 2024. 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. “You’re clearly seeing some …

Samsung says it will build $17B chip factory in Texas
3 years, 1 month ago

Samsung says it will build $17B chip factory in Texas

Associated Press  

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. The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure, said Samsung Vice Chairman Kinam Kim, …

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs
3 years, 3 months ago

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs

Firstpost  

The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term. Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs. …

Intel reiterates chip supply shortages could last several years
3 years, 6 months ago

Intel reiterates chip supply shortages could last several years

The Hindu  

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas,including consumer electronics. "But while the industry has taken steps to address near term constraints it could still take a couple of years for …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

Chips are in short supply. Manufacturers are spending big to prevent a repeat
3 years, 7 months ago

Chips are in short supply. Manufacturers are spending big to prevent a repeat

CNN  

New Delhi CNN Business — As the world grapples with a shortage of semiconductors, South Korea’schipmakers are spending huge amounts of money to shore up their production in the decade ahead. The announcement Thursday from co-CEO and Vice Chairman Park Jung-ho at a government event “demonstrated his strong will that SK Hynix will devote to stabilize the global semiconductor supply …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

What the global shortage of computer chips means for you
3 years, 8 months ago

What the global shortage of computer chips means for you

ABC  

Australians are facing longer wait times for new motor vehicles and consumer electronics due to a global shortage of computer chips. "Delays for some models have been pushed out to double the usual time, if not longer," MTAA chief executive officer Richard Dudley said. "It's affected almost every automotive manufacturer in every market," Mr Voortman said. Car makers would be …

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip
3 years, 9 months ago

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip

News 18  

Samsung Electronics recently won a project for Google parent Alphabet’s autonomous driving unit Waymo to develop chips for next-generation self-driving cars, South Korean media reported on Monday. Samsung will develop a chip that computes data collected from various sensors installed in autonomous vehicles or centrally controls functions by exchanging information with Google data centres in real time, South Korean newspaper …

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products
4 years ago

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products

News 18  

India’s northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea’s Samsung Electronics to set up a Rs 48.25 billion display factory. Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship drive to make …

Samsung Electronics to halt production at its last computer factory in China
4 years, 4 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

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