Samsung Electronics Establishes Taylor, Texas, Semiconductor Factory
The new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing (HPC), and artificial intelligence (AI). Construction will begin in early 2022 with production targeted for the second half of 2024. The investment includes buildings, property improvements, machinery, and equipment.
"As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future," said Dr. Kinam Kim, Vice Chairman and CEO of Samsung Electronics Device Solutions Division. "With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain. We are also proud to be bringing more jobs and supporting the training and talent development for local communities, as Samsung celebrates 25 years of semiconductor manufacturing in the United States."
The Texas Enterprise Fund (TEF) grant of $27,000,000 has been extended to Samsung for their job creation as an incentive. In addition, Samsung has been offered a $20,000 Veteran Created Job Bonus.
"Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce," said Governor Abbott. "Samsung's new semiconductor manufacturing facility in Taylor will bring countless opportunities for hardworking Central Texans and their families and will play a major role in our state's continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to keep the Lone Star State a leader in advanced technology and a dynamic economic powerhouse."
According to the Governor’s office, the project will be the largest foreign direct investment in Texas on record, bringing the company’s total investment in the state to more than $35 billion since 1996.
"As one of the largest foreign investment economic development projects in United States history, to say Samsung’s commitment to this project is monumental would be a huge understatement," said Taylor Economic Development Corporation President and CEO Mark Thomas. "The Taylor Economic Development Corporation with its partners at Williamson County, the City of Taylor and the Office of the Governor are beaming with pride to bring this important Advanced Chip Manufacturing facility to the City of Taylor, Williamson County, the Austin MSA, State of Texas and the United States of America."
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