South Korea-based Samsung Electronics, a global leader in innovative semiconductor solutions, is set to establish a new semiconductor fab facility in Taylor, Texas, US. The $17bn facility will manufacture products based on advanced process technologies for use in areas such as mobile, 5G, AI and high-performance computing.

The new site represents Samsung’s largest investment in the US. It brings the company’s total investment in the country to more than $47bn.

Construction will begin in the first half of 2022 and the plant is expected to become operational in the second half of 2024. The site will span more than five million square metres. The company is expected to create more than 2,000 high-tech jobs at the site as well as thousands of indirect jobs once it becomes fully operational.

Samsung reviewed multiple US locations before deciding to invest in Taylor. The city was chosen due to its local semiconductor ecosystem, infrastructure stability, local government support and community development opportunities. The new site will also be close to Samsung’s existing factory in Austin, allowing the two locations to share resources.

In a press release, Kinam Kim, chief executive officer of the Samsung Electronics device solutions division, commented: “In addition to our partners in Texas, we are grateful to the Biden administration for creating an environment that supports companies such as Samsung as we work to expand leading-edge semiconductor manufacturing in the US. We also thank the administration and Congress for their bipartisan support to swiftly enact federal incentives for domestic chip production and innovation.”

The company also plans to establish a Samsung Skills Centre for the Taylor Independent School District, which will help students develop career skills as well as provide internships and job opportunities.