Silicon Valley shifting from CA to TX ? Samsung Said to Consider $10-Billion Texas Chipmaking Plant

Samsung is considering spending more than $10 billion (roughly Rs. 73,000 crores) building its most advanced logic chipmaking plant in the US, a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.

The world's largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometres in the future, people familiar with the matter said. Plans are preliminary and subject to change but for now the aim is to kick off construction this year, install major equipment from 2022, then begin operations as early as 2023, they said. While the investment amount could fluctuate, Samsung's plans would mean upwards of $10 billion (roughly Rs. 73,000 crores) to bankroll the project, one of the people said.