Samsung Delays $37B U.S. Chip Plant Amid Weak Demand
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BTCCSquare news:
Samsung Electronics has pushed back the opening of its $37 billion semiconductor facility in Taylor, Texas, to 2026, citing sluggish demand for its planned chip output. The delay underscores broader challenges in the global semiconductor market, where even a $4.7 billion U.S. government grant couldn't galvanize customer interest.
The factory, initially slated for 2024 production, now faces headwinds as its target process nodes no longer align with market needs. TSMC's technological lead and tepid recovery in chip demand further complicate Samsung's ambitions to expand U.S. manufacturing under the CHIPS Act.
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