REGIONAL NEWS Samsung proposal for expansions in Taylor, North Austin total $192.1B; 10,000 new jobs News from the Austin metro
SEMICONDUCTOR SURGE Taylor ISD approved nine separate Chapter 313 applications—mechanisms that allow public school districts to offer tax incentives for businesses that invest in their communities—for additional facilities at Samsung’s Taylor location, and Manor ISD approved two for the Austin site. The proposed expansions total $192.1 billion. For comparison, the fiscal year 2020-21 budget for the state of Texas was about $260 billion.
BY BRIAN RASH
estimated $167.6 billion in investment in addition to the $17 billion Samsung has already committed there. Additionally, the proposed expansions would bring about 8,200 net new jobs to Taylor over the next two decades. Williamson County Judge Bill Gravell, who was instrumental in helping to broker the initial deal to bring Samsung to Taylor, said while the proposed facilities are by no means “a done deal,” he is nevertheless excited for the possibilities. “The thought that the largest semiconductor facility, or complex, in the world could be built right here in Williamson County—it’s just humbling,” Gravell said. “Look, we’re talking about potential. Nothing is guaranteed. There is still a lot of work to get all of these agreements across the finish line.” Additionally, the new North Austin fabs would total $24.5 billion in new investment and add 1,800 net new jobs. Several entities still need to provide approval for the expansion, including TISD, Williamson County and the city of Taylor, and Samsung still has not committed to the project.
Samsung Austin Semiconductor, a company that has already committed to building a $17 billion semiconductor facility in Taylor, could increase its investment in Central Texas there by tens of billions of dollars and bring thousands of new jobs to the area. According to Chapter 313 applications released July 20 through the Texas comptroller’s website, Taylor ISD has approved nine separate applications for new fabrication facilities, or fabs, at the existing Taylor site. Samsung also received Chapter 313 application approvals through Manor ISD for two new fabs on unused land at its existing 640-acre site in North Austin on Parmer Lane. Chapter 313 agreements allow public school districts to offer tax incentives for businesses that invest in their communities, according to the Texas Comptroller’s Office. TISD approved the Chapter 313 applications in late May, but specific information was not released on the nature of the proposed expansion until the documents’ July 20 release. If approved, the Taylor facilities would bring an
Taylor site
Net jobs created: 8,200
New fabrication facilities: 9
Completion dates: one per year 2034-42
Total investment: $167.6 billion
Austin site
Net jobs created: 1,800
New fabrication facilities: 2
Completion dates: 2034 and 2042
Total investment: $24.5 billion
SOURCE: TEXAS COMPTROLLER’S OFFICE/ COMMUNITY IMPACT NEWSPAPER
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LAKE TRAVIS - WESTLAKE EDITION • SEPTEMBER 2022
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