The state of Texas released documents on July 20 indicating that Samsung Austin Semiconductor wants to add nine more plants to Taylor.
Samsung has applied for tax breaks for the planned factories. If approved, Samsung’s investment in Taylor could increase from the originally planned $17 billion to $184.6 billion. The company will also create up to 8,200 jobs, instead of the 1,800 advertised. The Korean manufacturer emphasizes in its application that tax incentives are a key factor in investing in Taylor, without which the company likely would not have located the project in Texas.
Samsung Electronics announced in November last year that Taylor had been selected as a new $17 billion investment site. The company has already begun construction work to build a plant that will produce integrated circuits made with advanced processing technologies for applications in areas such as mobility, 5G, high performance computing (HPC) and artificial intelligence (AI). The facility is scheduled to start operating in 2024, but the investment will continue for another two years. It will be the second factory Samsung chips in Texas, at a nearby Austin plant, allowing factories to share resources and infrastructure.
If investment in additional plants is approved, subsequent plants will start production in 2034-2042.
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