Posted on 11/23/2021 10:52:52 AM PST by SeekAndFind
Samsung is set to build a new $17 billion computer chip factory in Taylor, Texas, The Wall Street Journal reported.
An official announcement could come as early as Tuesday, people familiar with the matter told the Journal, and comes as the Biden administration makes a push for expanding semiconductor production in the U.S.
Spokespeople for Samsung and Texas Gov. Greg Abbott (R), who is scheduled to make an economic announcement later Tuesday, did not immediately respond to requests for comment.
A spokesperson for Samsung told the Journal that a “final decision has not yet been made regarding the location.”
Based on documents previously filed with state authorities, the South Korean company aims to create about 1,800 jobs, but chip production is not expected to start until the end of 2024.
Officials in Taylor, a town of around 16,000 people located about 30 miles northeast of Austin, offered Samsung incentives that include the equivalent of property tax breaks of up to 92.5 percent in the first 10 years, the Journal reported.
The Biden administration's push to bolster semiconductor production in the U.S. comes as the nation has fallen behind in manufacturing. The U.S. made up just 12 percent of worldwide production capacity in 2020, a decline from 37 percent in 1990, according to the Semiconductor Industry Association.
For those who don’t know....
Taylor is about 29 miles northeast of Austin. The population was 13,575 at the 2000 census; it was 15,191 at the 2010 census; it was 16,267 at the 2020 census.
What ever happened to Texas instruments? heh
Between Round Rock and College Station.
Looks like they are alive and doing well judging by their stock chart TXN, but you never hear about them any more.
And how much cash?
Well they sure as shootin’ ain’t dumb enough to move to Silicon Valley in California!
Has nothing to do with the Biden administration, as Samsung has wanted to do this for the last couple years. They already have chip plants here, supplying Apple and other companies.
Texas over California. Hmmm...
Taylor has now fallen into the gravitational field of Austin. God help Texas.
And nothing escapes the gravitational field of Austin on I-35.
130 makes it possible. They are already filling up all around the area. That and the executive airport right there. That makes it a easy tech ‘hub’.
Mixed Blessing - bump for later....
Yep! The progressive Establishment: Everything going as planned.
Has nothing to do with the Biden administration, despite spin from mainstream leftist reporting. Samsung has long wanted to build a new factory to replace it’s old Austin-area chip plant built in 1997. They’re trying to catch up to TSMC which is building a new plant in Arizona. The old Austin plant supplied chips to Apple and others.
https://serpajamericalatina.org/samsung-expands-texas-chip-plant-in-investment-race-with-tsmc.html
We’re losing texas bit by bit😢. Amazon just build a multimillion warehouse in our city. Liberals are moving in...especially from calicommie.
I had read somewhere they are the cause of the chip shortage
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.