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© Taylor TX Electronics Production | July 21, 2022

Report: Samsung has bigger plans for Taylor

According to media reports, South Korean chip giant Samsung Electronics wants to add several additional plants to its manufacturing site in Taylor, Texas.

Samsung has intentions to expand the company’s site in Taylor, Texas. Pretty significantly, actually. According to media reports, local news providers such as Taylor Press has recently gone through several documents released by the Texas Comptroller of Public Accounts on Wednesday.

The documents show that Samsung wants to add nine more plants to the manufacturing site in Taylor. The Taylor Press says that the company has ”submitted Chapter 313 applications for appraised tax-value limitations for the proposed nine additional fabrication plants”.

Samsung could, if approved, expand its Texas prescence to include eleven manufacturing facilities in Taylor and Austin, meaning that the company investment would increase to 184,6 billion dollars, compared to its initial 17 billion investment plan.

The documents indicates that Samsung could raise its local workforce from 1’800 workers to a around 10’000. The Taylor Press says that the additional plants could come online ”one each year from 2034 to 2042”.

Texas Governor, Greg Abbott issued a statement yesterday regarding Samsung’s expanding investment in Texas.

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. 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, Governor Abbott stated in a press release. 

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November 15 2022 12:19 am V20.10.16-2
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