We come across a generational bull run in the semiconductor markets from time to time, and we're now in one of those times. Samsung is seeing incredible demand for its memory chip products as well as growing interest in its advanced chipmaking technology.

The company wants to fully capitalize on these opportunities to make money hand over fist. To that end, it's working hard to upgrade its chipmaking factory in Taylor, Texas.

Samsung spent tens of billions of dollars building a state-of-the-art chipmaking facility in Taylor, Texas. This happens to be one of Samsung's biggest investments in chipmaking facilities based outside its home country of South Korea.

Multiple reports from South Korea mention that Samsung is quickly upgrading the capabilities at its Texas plant, upgrading it from the planned 4nm process technology to 2nm. It's also greatly ramping up the production capacity at the facility.

Previous estimates suggested that the capacity would be 20,000 wafers per month. Samsung reportedly now expects the figure to cross 50,000 wafers per month, more than double the initial projections.

Crucially, this is said to be on par with TSMC's 2nm ramp up at its advanced chipmaking facilities in Taiwan. Samsung is competing with TSMC for 2nm orders and after the struggles it faced with the 3nm process, the company would be hoping that major clients come its way.

Several have already signed on, including Tesla, which will spend more than $16 billion to have its advanced chips made at Samsung's Texas plant.