TECH - US's Domestic Semiconductor Ambitions Take a Hit as Samsung Shelves Production Plans | Benzinga
Samsung Electronics Co (OTC: SSNLF) has shelved mass production plans at its new chip plant in Taylor, Texas, posing a bummer for the U.S.'s semiconductor dreams.
Mass production at Samsung's impending $17 billion fab would begin in 2025.
Bloomberg cites a local daily covering President Choi Siyoung of Samsung's foundry business at an industry event in San Francisco.
The Taiwan Semiconductor Manufacturing Co (NYSE: TSM) rival had previously shared its production plans in the second half of 2024.