According to local South Korean media reports, industry insiders said yesterday that Samsung Electronics will start construction of its wafer fab in Pyeongtaek, South Korea as early as September.

According to Pyeongtaek government officials, Samsung had already carried out preparatory work in Pyeongtaek City in June. Recently, Samsung requested local government departments to issue construction permits as soon as possible, which shows that the company hopes to start the construction of the fab as soon as possible.

The total investment in the construction of P3 is estimated to be approximately US$25.2 billion, and it will become Samsung's largest fab in Pyeongtaek. In addition, Samsung plans to build three more wafer fabs in Pyeongtaek City in the future.

Currently, Samsung's P1 wafer fab is in operation, and P2 is also preparing to start full operation next year. Industry insiders speculate that P3 may start mass production in the second half of 2023.

In addition to P1, P2, and P3, Pyeongtaek officials said that Samsung is speeding up its plans for the other three fabs, the P4, P5, and P6.