Samsung Closes to Small Town Texas for New $ 17 Billion Plant


Samsung America headquarters in San Jose designed by NBBJ with landscape architecture designed by SWA

Samsung Electronics selected a city in Texas with a population of less than 17,000 for a massive chip manufacturing plant after considering sites in Arizona, New York and Florida.

Samsung plans to expand the plant in Taylor, Texas, the Wall Street Journal reports, and confirmation could come Tuesday night when Gov. Greg Abbott is due to make an “economic announcement” at 5 p.m. Central time. The plant would eventually employ 18,000 people in the city. However, a Samsung representative told the WSJ that no final decision has been made for the location of the plant.

Taylor lured the tech company in by offering the equivalent of property tax relief of up to 92.5% for the first decade, according to the WSJ. Depreciation would slowly decrease over the next decades. Samsung was seeking a $ 1 billion incentive package, according to a filing with Texas that was made public in February.

The request, which required a $ 100,000 application fee, indicated that a 360-acre site had already been selected for a SF 7 million complex, CoStar reported at the time. Samsung estimated in its application that it would invest more than $ 5 billion of its own capital in the real estate portion of the project.

The production of high-tech microchips has been a critical issue in the supply chain, but production at the Taylor plant will not begin until late 2024.

About Jefferey G. Cannon

Check Also

Blues Dawgs Reunion Concert at the Old Town Center for the Arts – Sedona.Biz

Cottonwood News – The Old Town Arts Center is pleased to announce the Blues Dawg …