Samsung is considering another massive investment in central Texas just months after announcing the construction of a $17 billion semiconductor factory in Taylor.
Documents filed with the state show that the tech giant plans to build 11 chip manufacturing facilities in the Austin area that it would build over the next two decades. This is an investment that would amount to $192.1 billion and create more than 10,000 jobs.
While most of the facilities would be in Taylor, two would be in Austin, where Samsung has operated since 1997 in the company’s largest facility outside of its headquarters in South Korea.
The two new Austin plants would create about 1,800 new jobs and absorb $24.5 billion of Samsung’s investment. The nine Taylor factories, meanwhile, would create 8,200 jobs and represent a $167.6 billion investment for Samsung.
The fabs timeline spans years, with 2034 listed as the first screening for one of the new ones currently running. Two are expected to reach this point in 2042.
Samsung is seeking tax breaks for prospective chip manufacturing sites because it has filed applications with the Taylor and Manor school districts to participate in Texas’ Chapter 313 incentives program.
School boards are expected to give final approval and Samsung hasn’t promised to build the facilities, so plans could be changed or shelved.
The Chapter 313 incentive program expires at the end of the year, creating a rush for companies submitting applications as previously approved incentives may be accepted.
Texas Governor Greg Abbott commented on Samsung’s possible regional growth after the demands for the incentives were posted on the Texas Comptroller’s website Wednesday afternoon.
“Strong partnerships with companies like Samsung – who recognize the limitless possibilities Texas has to offer – provide greater opportunities for Texans, and this potential investment will bring in billions of additional capital to continue to grow our business climate from world-class and diverse, highly skilled workforce,” Abbott said.