Home » Samsung Would Lift 11 Texas Chip Factories…If They Received an Incentive

Samsung Would Lift 11 Texas Chip Factories…If They Received an Incentive

While Intel threatened the US government to go to Europe, now we know that Samsung plans to build an 11-plant conglomerate in the Taylor and Mano districts of Texas.

Of course, as is the case with Intel, due to high manufacturing costs and salaries, Samsung is looking for some kind of motivation by the local government, indicating that the company is seeking tax exemptions to help you save $4.8 billion. If it does not benefit from such an advantage, the company renounces any possibility of building a new factory there.

As indicated, the total investment in the 11 factories could amount to approximately $192 billion. If a deal is struck that benefits Samsung, the company could create more than 10,000 jobs in the region if this all goes ahead. In fact, if everything goes ahead, it will be biggest financial investment in the history of central Texas.

Samsung foundry wafer

Two of the 11 proposed factories would be in Austin and nine in Taylor, a town of about 17,000 people 25 miles northeast of Austin, where there is also a Samsung factory currently under construction worth $17 billion. The Austin plants would account for $25.4 billion of new investment and 1,800 jobs, while Taylor would gain $167.6 billion and 8,200 jobs, respectively.

Of course, in the best-case scenario, any of these factories could start operating. in the year 2034while at least two of them would not start producing chips until 2042. Like Intel, no one guaranteed samsung no investment or tax breaks, so plans could be changed or suspended entirely, even if the company has access to incentives.

A Samsung spokesperson said the newly filed incentive requests are part of the company’s long-term planning. It is “assess the feasibility of building additional manufacturing plants in the United States“.

via: Austin American-Stateman

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