Samsung Texas Chips factory faces a new setback

Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project. The delay in equipment deliveries is a fresh setback to the Taylor project, which is at the heart of Samsung chairman Jay Y. Lee’s ambition to expand beyond its bread-and-butter memory chips into contract chip manufacturing, which Taiwan’s TSMC dominates. Samsung said in April production at the Taylor plant would begin in 2026 instead of 2024. Is this a move to create scarcity and increase demand for the chips?