SEOUL (Reuters) -Samsung Electronics Co Ltd may begin construction of a planned $ 17 billion chip plant in the United States in the third quarter of this year with a view to operating in 2024, a South Korean newspaper reported late Monday.
Samsung plans to implement an advanced 5-nanometer extreme ultraviolet (EUV) process to produce a lithograph chip at the plant, which is expected to be in Austin, Texas, the Electronic Times reported, citing unnamed industry sources.
Samsung said nothing was resolved.
Documents submitted to Texas government officials show that Samsung sees Austin as one of the sites for a new $ 1
US President Joe Biden has offered $ 50 billion to support chip production, prompting companies such as Intel Corp and global chipmaker Taiwan Semiconductor Manufacturing Co. to consider major new investments.
(Report by Joyce Lee; Editing by Stephen Coates)