Samsung Electronics is expected to hold a groundbreaking ceremony for a $17 billion chip fabrication plant in Taylor , Texas, next month, industry sources said on May 27, 2022. Samsung 's Austin office has recently shared the photo of the construction site and the preparation works for the massive construction via its newsletter, according to the sources. Leveling the ground for construction has almost finished, and workers are building the roads inside the 5 million-square-metre facility, which is around 1 1/2 times the size of Central Park in New York, reports Yonhap news agency . A groundbreaking ceremony is widely expected to take place at the site next month, with dignitaries and company officials in attendance. The company said it expected the facility to go fully operational in the second half of 2024. The tech giant announced in November it will build an advanced chip facility in Taylor to "help boost production of advanced logic … [Read more...] about samsung: Samsung’s groundbreaking ceremony for $27 billion US chip plant next month