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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.


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