Development
BY GRACIE WARHURST
Samsung’s Taylor plant awarded $250M in state incentives
The Samsung semiconductor plant in Taylor will receive $250 million from a Texas Semiconductor Innovation Fund grant, Gov. Greg Abbott’s oce
the Sept. 17 news release. The project includes a fabrication plant, an oce building, and utility, water and wastewater facilities on a 1,268-acre site, according to previous Commu- nity Impact coverage. Samsung has also invested $4.7 billion for its fabrication facility to produce 2-nanometer chips, a new advancement in chip technology that increases eciency, with smaller transistors that have lower energy consumption and higher speeds. “With approximately $40 billion invested in Texas, Samsung is helping to cement Texas’ position as the leading state for semiconductor manufac- turing, bringing in more business investment to Texas communities and creating thousands of good-paying jobs for hardworking Texans,” Abbott said in the news release. What’s next Construction of the Taylor plant injected $8.6 billion into the regional economy, and supported
“The state’s considerable support of the Samsung Austin Semiconductor facility in Taylor is a powerful testament to Texas’ leadership in semiconductor innovation
announced Sept. 17. About the program
and economic growth.” CAROLINE HARRIS DAVILA, STATE REPRESENTATIVE, RROUND ROCK
The TSIF is a part of the Texas Creating Helpful Incentives to Produce Semiconductors and Science Act, which Abbott signed into law in 2023. The TSIF grant furthers the incentive program that aims to bring more semiconductor-related businesses to Texas, as well as support existing semiconductor manufacturers, like Samsung. Samsung will also receive $4.75 billion from the federal CHIPS Act, signed into law in 2022, a Samsung representative said. The history Samsung announced its plans to build a semicon- ductor plant in Taylor in 2021. It is the largest foreign direct investment in Texas on record, according to
about 9,000 direct and 10,000 indirect construction jobs, Samsung ocials said. About 4,000 employees will work on site. Samsung employees are expected to move into the Taylor oce building in November, and the manufacturing facility will be operational by the end of 2026, according to previous Community Impact reporting.
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