Seoul: Samsung Electronics will quickly decide on a foundry investment in the US, a senior executive said Tuesday, as the South Korean tech giant seeks to become the world’s number one player in the logic chip and foundry sectors.
Samsung Electronics is the world’s number two foundry firm behind Taiwan’s TSMC. It had announced in May that it will build a $17 billion fab in the US.
Samsung’s de facto leader Lee Jae-yong is widely speculated to visit the US. Possibly next month he will finalise the site, with the city of Taylor, Texas, as the strongest candidate. Other candidates include Arizona, New York, and Austin, Texas.
Kim Ki-nam is Vice Chairman and CEO of Samsung’s device solutions division. Nonetheless, He explained that it takes time to review all the factors and make a final decision.
“We are trying to make a decision as soon as possible,” Kim told reporters. He was at the Korea Electronics Show 2021, which is underway at an exhibition centre in southern Seoul.
Kim made the comments when asked whether Samsung will make an investment within this year. He did not elaborate, reports Yonhap news agency.
Altogether, Kim said the company has been “calmly” preparing answers to a recent request by the US Department of Commerce about its semiconductor business.
Also, the US has asked global chipmakers, including Samsung, to share information on inventories and demanded other details by November 8 to “help improve trust and transparency within the supply chain.” However, this request spawned concerns about the leak of chipmakers’ major trade secrets.
