Samsung Electronics is considering investing more than $10 billion to build a chip-making factory in the U.S., according to recent media reports, a move that would help the South Korean tech giant compete with Taiwan’s TSMC in the capital-intensive contract chip manufacturing space.
Samsung, which is the world’s largest maker of smartphones and memory chips, is in discussions to invest as much as $17 billion to build a chip plant in Arizona, Texas or New York, the Wall Street Journal reported on Friday. A spokesperson for Samsung said the company has no “specific plans” to build a factory in the U.S., though added that the company explores “various opportunities for business development so that [Samsung is] open and ready when such opportunities arise.”