© Samsung (illustration purpose only) Business | September 06, 2021
Texan money to entice Samsung
Taylor, a city in Texas, wants Samsung Electronics to build its USD 17 billion semiconductor manufacturing facility in their backyard.
The city wants to offer extensive property tax breaks if chosen by the South Korean tech giant. More so, Taylor is interested in attracting the 1'800 new jobs, that come with the new production facility. “We are excited about the opportunity to bring a significant economic development project with thousands of jobs to Williamson County and the great state of Texas," said County Judge Bill Gravell to Taylor Press news outlet. "Good paying jobs for all skill levels to drive economic growth in our region are needed now more than ever, and we are committed to doing everything we can to land this project and bring it home to Williamson County.” One of the proposed resolutions suggests the land to be offered a grant equivalent to 92.5% of assessed property tax for 10 years, 90% for the following 10 years and then 85% in the 10 years after that. Samsung has also said it is looking at other potential sites in Arizona, New York and Texas.
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Sponsored content by RUTRONIK Elektronische Bauelemente GmbHThe Next Level in Advanced Robotics The key to intelligent, self-controlled industrial and service processes is advanced robotics. Progress in this Future Market relies mainly on better performing electronic elements that make robots more adaptable, perceptive, communicative and mobile, and easier to integrate into processes.
90,000 square metres – Arrows new Dutch distribution centre Arrow recently opened its new primary distribution centre (PDC) in Venlo, the Netherlands. The new centre is one of the company’s largest warehouses globally and replaces the existing facilities in the region and also provides increased capacity for future growth.
Nanya breaks ground on new fab in Taiwan Nanya Technology Corporation has broken ground on its new semiconductor fab in New Taipei City’s Nanlin Technology Park. Once completed, the NTD 300 billion (EUR 9.6 billion) investment will result in an advanced fab with a double-deck cleanroom.
First tool arrive at GlobalFoundries new Singapore fab One year after breaking ground, GlobalFoundries can celebrate a significant milestone on the path to expand its semiconductor manufacturing capacity in Singapore. The first tool has been moved into the company's new facility on its Singapore campus.
Sivers Semiconductors completes the integration of MixComm Swedish Sivers Semiconductors says it has completed the integration of MixComm, creating a challenger in 5G, SATCOM and radar.
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Arrow opens new distribution centre in the Netherlands Arrow Electronics has opened a new primary distribution centre (PDC) in Venlo, the Netherlands. The PDC will function as a key hub serving all customers of Arrow’s electronics components business in Europe.
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Samsung invests in Israeli AI systems & semiconductor company Samsung Ventures has made an investment in NeuReality, an Israeli AI systems and semiconductor company.
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Kinetic closes asset purchase agreement with Gain Semiconductor Analog and mixed-signal semiconductor company, Kinetic Technologies, has completed the acquisition of certain assets of Gain Semiconductor Incorporated.
Socionext relocation of its US HQ to Milpitas Fabless SoC supplier, Socionext America Inc. (SNA), has relocated its US headquarters to a34,000 square foot single floor building in the City of Milpitas.
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Ericsson boosts distribution center in Malaysia Swedish telecom company, Ericsson, has commissioned a new facility at the Kuala Lumpur International Airport (KLIA) that will expand its regional distribution capacity and role of Malaysia in the company.
Applied Materials acquires of Finland-based Picosun Applied Materials has acquired Finnish atomic layer deposition (ALD) technology specialist Picosun Oy.
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Newport Wafer Fab deal called-in for national security assessment The acquisition of the UK’s UK's biggest chip plant – Newport Wafer Fab – has been called in for a full national security assessment.
Soitec reports record revenues for 2022 The French designer and manufacturer of semiconductor materials report that its revenue for the full fiscal year of 2022 reached a new all-time record of EUR 863 million.
Atlas Copco acquires provider of semiconductor subfab solutions Swedish Atlas Copco has acquired Qolibri Inc., a company that provides proprietary technologies for semiconductor subfab operations.Load more news