Today, Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, announced that it would build a new semiconductor manufacturing facility in Taylor, Texas — part of the Austin region and a city of focus for Opportunity Austin. The estimated $17 billion investment is the largest ever in the U.S. and will result in thousands of permanent jobs and tens of thousands of construction jobs in the coming years. According to the Samsung Electronics press release, the new facility will boost production of advanced semiconductors and will improve supply chain resilience of crucial logic chips.
Chamber president and CEO Laura Huffman lauded the announcement and selection of the Austin region for this facility.
“Samsung Electronics has clearly now demonstrated to the world what it thinks of our region, the people that make up our workforce, and the innovative spirit of our business community. We are ecstatic about the thousands of jobs — both permanent and construction — that will be created by this project and the untold opportunities that will be a result of this announcement. This is a momentous day, and I know our region will rise to the occasion as it has done countless times over the past two decades.”
Greater Austin Economic Development Corporation & Opportunity Austin Chair Gary Farmer extended thanks on behalf of the region to Samsung for selecting Taylor.
“We express incredible thanks and gratitude to Samsung for selecting Taylor, Texas as the site of their newest global semiconductor fabrication plant. Samsung’s decision to invest in Central Texas places this new facility in an area rich in talent, innovative approaches, and with a deep understanding of the semiconductor industry and related supply chain. Samsung has long been a tremendous partner in our community, and we are so fortunate to have them continue to invest in Central Texas.”
According to Samsung, groundbreaking will occur in the first half of 2022 with the goal of the facility being operational in late 2024.
About Opportunity Austin
Opportunity Austin is the economic development initiative aimed at fostering job-creating investment in the five-county Central Texas region. Top priorities include boosting economic diversification to proactively strengthen the economy, deepening the talent pool through development and attraction, and keeping the Greater Austin region attractive to entrepreneurs, business leaders and site selectors through advocacy on issues such as a comprehensive regional transportation system and regional collaboration. Since 2004, Opportunity Austin has helped bring more than 400,000 total jobs to the Austin region.
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