'Samsung Highway' Laid in Texas, USA... "Taylor Plant to Be Completed Within the Year"

Samsung Electronics President Kyung Kye-hyun is taking a commemorative photo holding a road sign with "Samsung Highway" written on it together with Bill Gravel, Williamson County Executive. Photo by Kyung Kye-hyun, President of Samsung Electronics (Instagram capture)

[Asia Economy Reporter Donghoon Jung] A 'Samsung Highway' named after Samsung Electronics has been established in Texas, USA.

On the 15th, Kyung Kye-hyun, President of Samsung Electronics' Device Solutions (DS) Division, recently announced on his social media (SNS) that he visited the construction site of the foundry factory in Taylor, Texas. He also posted a photo holding a road sign that read 'Samsung Highway.' President Kyung stated, "Bill Gravell, Williamson County Judge, which includes Taylor, named the road in front of the site 'Samsung Highway' and gifted the road sign."

President Kyung said, "The construction in Taylor is progressing smoothly," adding, "The fab (factory) will be completed this year, and next year, the most advanced products will be shipped from American soil."

Samsung Electronics is currently building a foundry (semiconductor contract manufacturing) factory worth $17 billion (approximately 22 trillion KRW) in Taylor, Texas. The Taylor foundry factory is being developed on about 5 million square meters (1.5 million pyeong) with the goal of starting operations in the second half of 2024. Samsung Electronics plans to produce advanced system semiconductor products in fields such as 5G, high-performance computing (HPC), and artificial intelligence (AI) at the new factory.

This content was produced with the assistance of AI translation services.