Samsung is a ubiquitous presence in households across America, with its gadgets and appliances in nearly three-quarters of homes. However, the company is much more than that, namely a major player in memory chips for digital data storage. Despite a recent downturn in the memory chip market, Samsung has found growth in the semiconductor market by doubling down on its foundry business, creating custom chips for major customers like Qualcomm, Tesla, Intel and Sony, as well as other smaller players. In fact, Samsung is building a $17 billion chip fabrication plant in Texas and adding capacity in South Korea. Samsung recently announced its ambitious goal to triple capacity of leading-edge manufacturing and make industry-leading chips by 2025 and reduce their size to 1.4-nanometer by 2027, leapfrogging ahead of their competitor, Taiwan Semiconductor Manufacturing Company, if they can reach this target. Despite both legal and societal challenges, Samsung’s expansion is drawing renewed investor interest, and the geopolitical chip war between China and the US may play a role, with the US demand driving Samsung’s expansion in Texas. Environmental concerns are top of mind for Samsung’s Texas expansion, as the EUV lithography machines made by ASML are worth $200 million, making them the most expensive equipment Samsung plans to bring in.
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