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Samsung looking at 11 new facilities for an almost $200 billion investment in Central Texas

Austin could be getting more semiconductor plants from Samsung as it invests $200 billion in Central Texas. (Samsung)

Samsung is weighing another massive investment in Central Texas just months after announcing that it will build a $17 billion semiconductor factory in Taylor.


Documents filed with the state show that the tech giant is considering 11 chipmaking facilities in the Austin area that it’d build over the next two decades. It’s an investment that would amount to $192.1 billion and bring 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 headquarter in South Korea.

The two new Austin fabs would bring about 1,800 new jobs and take up $24.5 billion of Samsung’s investment. The nine Taylor plants, meanwhile, would drive 8,200 jobs and be a $167.6 billion investment for Samsung.

The timeline for the fabs stretches years out, with 2034 listed as the earliest projection for any of the new ones to be running. Two are projected to reach that point in 2042.

Samsung is seeking tax breaks for the possible chipmaking sites, as it has filed applications with the Taylor and Manor school districts to take part in Texas’ Chapter 313 incentives program.

The school boards would need to give final approval and Samsung hasn’t promised to build the facilities, so the plans could be altered or cast aside.

The Chapter 313 incentives program is reaching its expiration at the end of the year, creating a rush for companies putting in applications since incentives approved before then can go through.

Texas Gov. Greg Abbott commented on Samsung’s possible regional growth after the incentives applications were posted on the Texas comptroller’s website Wednesday afternoon.

"Close partnerships with companies like Samsung— who recognize the boundless possibilities Texas has to offer— are bringing greater opportunities to Texans, and this potential investment will bring billions of additional capital to continue growing our world-class business climate and diverse, highly-skilled workforce,” Abbott said.

Popular

Tito's releases (not so?) ugly sweater line for the holidays, profits to charity

Tito's Handmade Vodka

Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.

There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.

All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.

Click here to see the entire collection in the Tito's store.

Mac and Cheese Fest and Free Art Exhibit
Waterloo Greenway, Good Vibrations Installation


🗓 All weekend

🎨 Creek Show Art Exhibit

Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities

All weekend 6 p.m - 10 p.m | 📍Waterloo Park

✨ Mozart's Light Show

This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.

6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703

🗓 Saturday

🥊 Kickboxing in the Park

This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.

10 a.m - 11 a.m | 📍 Metz Park

🛍 The Front Market

Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.

11 a.m - 5 p.m | 📍Ani's Day and Night - 7107 E Riverside Drive, Austin, TX 78741

🗓 Sunday

🧀 Mac and Cheese Fest

Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.

11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway