Samsung plans to invest about $200 billion in Texas
Samsung announced last year that it would invest about $17 billion in the U.S. to build a new advanced-process fab in Taylor, Texas. Samsung recently filed multiple applications for tax breaks for fab facilities, and new fabs could receive about $4.8 billion in tax breaks. Samsung is also in these filings, describing possible future plans.
According to statesman reports, Samsung said it is considering investing $192 billion to build 11 new semiconductor factories in the next 20 years. The earliest facilities will be put into use in 2034, and the rest will be in 2042. It is understood that Samsung intends to place two of them in Austin, where Samsung has operated fabs for many years, and the other nine in Taylor, about 25 miles apart.
Image: Samsung
If Samsung’s plan goes smoothly, the two fabs in Austin will bring 1,800 new jobs and $24.5 billion in investment, while the nine fabs in Taylor will bring 8,200 new jobs and $167.6 billion in investment. At present, a quarter of Texas’ output is related to the semiconductor industry, and the proportion will continue to rise in the future.
Samsung spokeswoman Michele Glaze said, “We currently do not have specific plans to build at this time, however, the Chapter 313 applications to the state of Texas are part of a long-term planning process of Samsung to evaluate the viability of potentially building additional fabrication plants in the United States.” In order to meet Samsung’s construction needs, the local infrastructure in Texas must also be upgraded to adapt to the manpower, electronic transmission, logistics, and other requirements of these new facilities.
