Due to the crisis that hit the global chip production after the pandemic, the Samsung decided to get ahead and should open a new chip factory in the USA. And the $17 billion project will likely be located in one of these locations: Arizona, New York and Texas – the latter where the South Korean company already has a factory. So other locations, such as Genesee County in New York and two areas in Arizona near the cities of Goodyear and Queens Creek, are not ruled out. But given so many options, Arizona may be a certain preference, especially since it is already home to technology companies focused on chip manufacturing: TSMC opened a chip factory this year of US$12 billion, and the Intel has allocated $20 billion to build two facilities in the state.

And the process is moving along at full speed: in documents filed with local authorities in Taylor, Arizona, Samsung stated that its factory will produce “advanced devices for use in Samsung products – chips and semiconductors – and construction of the factory could begin in early 2022 and be completed by the end of 2024.” What’s more, the company also said that Samsung’s new factory in the US will be responsible for generating 1.800 new jobs.

Many chip and semiconductor manufacturers have sought to set up shop in the United States precisely because they can benefit from tax incentives and subsidies. On the other hand, the United States government is looking for ways to increase domestic production of these types of products. In June of this year, the Senate proposed tax credits for companies that invest in manufacturing, and President Joe Biden called for up to $50 billion in financing for chip manufacturing companies alone. The political move reflects a way of reacting to the global supply shortage, intending to increase domestic production of chips and not rely on chips made in China.

Street: Mobile World Live