Samsung is building a new $17 billion advanced chip plant in Texas

guest · Nov 23, 2021

Samsung is building a new $17 billion advanced chip plant in Texas
November 23, 2021
https://www.theverge.com/2021/11/23/22245325/samsung-building-chipmaking-fab-texas-taylor

Samsung officially announced a new advanced chip-making plant in Texas, that’s estimated to cost around $17 billion and could create 1,800 jobs, as reported previously by The Wall Street Journal. The new plant will be located in the city of Taylor, roughly 30 miles away from Austin, where Samsung has an existing facility. The new site is roughly 1,200 acres in size, making it larger than Samsung’s Austin plant, the WSJ notes.

Kinam Kim, the vice chairman and CEO of Samsung Electronics Device Solutions Division says in a statement that “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.”
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Samsung plans to break ground on the location next year, and start producing chips in 2024. Eventually, Samsung is expected to begin using the new plant to produce processors, for its own uses and for use in other companies’ products.

The city of Taylor also offered Samsung incentives to locate its plant there, which reportedly amount to property tax breaks of over 90 percent for its first ten years, the WSJ notes.
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Samsung Electronics Announces New Advanced Semiconductor Fab Site in Taylor, Texas

Samsung's $17 billion investment in a new facility will boost production of advanced semiconductors. The largest-ever investment by Samsung in the US will improve supply chain resilience of crucial logic chips.

The new facility will manufacture products based on advanced process technologies for application in areas such as mobile, 5G, high-performance computing (HPC) and artificial intelligence (AI). Samsung remains committed to supporting customers globally by making advanced semiconductor fabrication more accessible and meeting surging demand for leading-edge products.
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guest · Jul 23, 2022

Samsung lays the potential groundwork for several new Texas-based semiconductor factories
The company's recently filed applications could lead to more than 10,000 jobs in the Austin area
July 23, 2022

Forward-looking: Samsung recently filed 11 tax break applications to build semiconductor facilities in the suburbs of Austin, Texas. The applications for state-backed incentive programs were posted to the Texas state comptroller's website earlier this week. If pursued, the semiconductor giant's investment could total up to $200 billion across the Austin and Taylor areas.

The applications are part of Texas' Chapter 313 incentive program, which provides companies with a 10-year limitation on the taxable property values in exchange for the applicant installing facilities and creating jobs within the defined area. The proposals come on the heels of Samsung's plans to build a $17 billion semiconductor manufacturing facility just northeast of the Austin area.
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The move, if pursued, would expand Samsung's Texas-based manufacturing operations with two facilities in Austin and nine more in nearby Taylor. But there's no guarantee that the facilities will become a reality. According to Samsung's Michele Glaze, the company has no specific plans to build the facilities at this time.

Failure to secure the incentive could instead force the company to change their current long-range plans and reconsider a more tax-friendly location.
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