REG - Samsung Electronics - Investment in New Semiconductor Plant in Texas, US

Samsung Electronics CoAnnouncement

23/12/2024 07:00

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RNS Number : 0910R  Samsung Electronics Co. Ld  23 December 2024

Investment in New Semiconductor Plant in Texas, U.S.

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("Samsung

Electronics" or the "Company"), on December 23, 2024, announced the following

matters.

 

1. Title: Investment in New Semiconductor Plant in Texas, U.S.

 

2. Main Points

  - Samsung Electronics has signed a Direct Funding Agreement (DFA) with the
U.S.

Department of Commerce for semiconductor subsidies of USD 4.745 billion under

the CHIPS Act.

- The projected investment of USD 37 billion or more will be allocated to
cover

construction and equipment costs, with operations tentatively set to commence
in 2026.

- However, the target date of commencement and investment amount may change

depending on the situation of the Company and/or the market, etc.

- Samsung Electronics plans to expand its capacity for production of

semiconductors through this investment to address growing demands for core,

cutting-edge system semiconductors as well as to contribute to the
stabilization of the

global semiconductor supply chain.

 

3. Decision Date (Confirmation Date): December 21, 2024

 

4. Other important information regarding investment decisions

- The Decision Date refers to the announcement date of the DFA with the U.S.

Department of Commerce.

- The schedule and investment amount mentioned above are forward-looking

statements and are subject to change depending on the situation of the Company

and/or the market, etc.

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