Samsung Electronics has delayed the completion of its semiconductor fabrication plant in Taylor, Texas, originally scheduled to open in 2024, now pushed back to 2026. The delay is attributed to a lack of customers for the plant's 4-nanometer chip output, prompting the company to slow down equipment installation while it reassesses market demand. The Texas facility, valued between $37 billion and $44 billion according to various sources, has received substantial support through government incentives, including up to $6.6 billion in CHIPS Act subsidies finalized in December 2024 and additional grants totaling approximately $4.7 billion. Despite these subsidies and tax credits, Samsung is not proceeding with full-scale production at the site but may generate limited output if financial incentives remain in place.
"The [Samsung] plant does have a chance to generate small output if subsidies and tax credits are in place." 😔 https://t.co/4YbwvSdbXO https://t.co/RRT3YX4zCh
"Samsung delays $44 billion Texas chip fab — sources say completion halted because 'there are no customers'" https://t.co/7PZ1QWOiZb "a $6.6-billion CHIPS Act subsidy...was finalized in December last year, despite multiple delays and setbacks." https://t.co/bnUfrJcXwV
Samsung's Texas chip plant is reportedly delayed due to lack of customers https://t.co/e4Y1Rp5thV