Samsung's Texas chip plant is reportedly delayed due to lack of customers

Samsung has delayed the completion of its semiconductor plant in Taylor, Texas, due to a lack of customers. The facility is over 90% complete but the company is in no hurry to install equipment without clients. The original opening date was set for 2024, but it has been pushed back to 2026 to upgrade the foundry process to manufacture more advanced 2-nanometer chips. The plant was initially designed to produce 4-nanometer chipsets but was upgraded to compete with rivals like TSMC. Despite this, the company still faces the issue of finding customers. The Taylor plant is part of Samsung's $44 billion investment in Texas, with the company receiving up to $6.4 billion in grants from the CHIPS Act funding. However, the facility's development has been troubled, with delayed deliveries of advanced-chipmaking equipment and job cuts last year. Samsung's suppliers are also affected by the delays and have had to look for other customers. Analysts have questioned the company's plan to open the fab in 2026, with some reports suggesting a February 2027 opening date instead. The lack of customers and contractor pullouts have contributed to the delays, with the on-site workforce now a fourth of its original size.