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Samsung Is Building a $17 Billion Chip Factory Right On Tesla’s Doorstep

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“If you established up the new facility in a site absent from the Austin plant, it could price Samsung far more for the provide of water and electrical power and the establishment of other infrastructure. But the benefit is that it can run the line in a far more stable manner,” the insider stated. Samsung is a critical supplier to Tesla, and this transfer will obviously benefit equally providers, with programs presently in movement for a collaboration on a new edition of Tesla’s FSD computer system. The new plant will also benefit from tax breaks of more than $300 million, and the groundbreaking ceremony has been pegged for the very first quarter of 2022, with functions prepared to begin in 2024.

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