Samsung Electronics announced Thursday that the company anticipates securing additional contracts for manufacturing advanced logic chips through its cutting-edge 2 nanometer production process, revealing ongoing discussions with major technology firms about potential foundry agreements.
The South Korean technology giant, which faces competition from TSMC and Intel in the contract semiconductor manufacturing sector, disclosed it is conducting an initial assessment for constructing a second manufacturing facility in Taylor, Texas, as part of ongoing customer discussions about possible future orders.
According to Samsung, the company remains on schedule to begin full-scale production at its initial Taylor facility in 2027, following the start of operations later this year.
The announcement comes after Samsung landed a significant $16.5 billion contract from Tesla last year to manufacture logic chips. Reports from Korean media outlets in January indicated Samsung was engaged in discussions with Qualcomm and additional clients concerning the 2 nanometer manufacturing process.
