State records made public July 20 show Samsung Austin Semiconductor wants to add nine more fabrication plants at its Taylor site, creating up to 10,000 jobs and a nearly $185 billion investment in the region.
The South Korea-based semiconductor chip maker is also turning to the Taylor Independent School District for help that could further temporarily limit its tax payments.
Information released by the Texas Comptroller of Public Accounts Wednesday show Samsung has submitted Chapter 313 applications for appraised tax-value limitations for the proposed nine additional fabrication plants.
If approved, Samsung’s investment in its six-million-square-foot Taylor site, which potentially could contain a total of 10 plants, would inflate from $17 billion into $184.6 billion.
“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,” said Gov. Greg Abbott. “These new facilities solidify the Lone Star State as the nation’s leader in the semiconductor industry, and I thank Samsung for increasing their investment in the hardworking people of Central Texas.”
The company originally planned to employ 1,800 workers, but the applications indicate the staffing level could soar by another 8,200.
The initiative potentially is the largest local investment in Taylor history and one of the biggest in foreign investment for the state and even the country, officials said.
Construction is underway, with the plant to be operational by 2024 and continue in construction for another two years. If the additional fabrication plants are approved, they will start coming online one each year from 2034 to 2042, officials said.
—Taylor Press
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