Samsung's new Texas foundry spending plan may be delayed until 2024

According to South Korea's THELEC, sources said Samsung is facing delays in spending plans for its newly planned wafer foundry in Tyler, Texas. The company had originally planned to start putting production equipment in October next year, but that has now been pushed back to December, and possibly even further to 2024. The main reason for the delay is the recent downturn in the global chip market.

Korean media said that Samsung has not reduced its investment budget, but may be adjusting the pace of spending, and the progress of the Pyeongtaek P3 facility, which is scheduled to be completed by the end of this year, is also slower than initially expected. According to previous reports, the total investment of Samsung Electronics' Taylor factory is about 17 billion US dollars. It was originally scheduled to start construction in the first half of this year and start operations in 2024, but the groundbreaking ceremony has been postponed from the original first half of this year.

The move-in of the main process equipment of the DRAM production line of the P3 plant in Samsung Pyeongtaek has also been delayed. A source from an equipment manufacturer revealed that the delivery of some equipment has been delayed until next year.

Industry insiders predict that the equipment of the Taylor project may even be moved in as late as 2024. With the weakening of market demand, the attitude of capital expenditure of major manufacturers tends to be cautious. In addition, construction costs and labor costs in the United States are also rising, and Samsung Electronics, although not reducing the scale of initially planned investment, may slow down the pace of investment.