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I am pleased Samsung is expanding their infrastructure stability, local government support, and community development opportunities. Samsung announces $17 billion chip plant in Texas - CNBC Samsung Electronics Corporation is ranked #2 in the world for semiconductor chip production, much of that coming from the Austin campus. See our ethics statement. As we The need for chips will only increase. Those funds will spur a wave of new investment over the coming years, and its sorely needed. In addition to our partners in Texas, we are grateful to the Biden Administration for creating an environment that supports companies like Samsung as we work to expand leading-edge semiconductor manufacturing in the U.S., continued Kim. The company reportedly had a choice between the states of Texas, Arizona, and New York, with each offering incentives for tech giants who'll end up contributing to building the local chip-making infrastructure. Texas. For now, the applications look like a means to secure incentives under the Chapter 313 incentives program that expires this year. machinery and equipment, will mark the largest-ever investment made by Samsung in the U.S. Texas Ten years later, Samsung opened a $3 . The NAND market has become flooded with aggressive, technologically-capable manufacturers. Samsung Austin was in the news on January this year due to a spillage that let out 763,000 gallons (2.8 million liters) of toxic waste affecting local ecosystems. The fab will be the area's first new semiconductor plant to open since the original 200mm Samsung fab (making high-speed . This is a momentous day and I 1 foundry chose Arizona because this state already hosts an Intel mega site, which means access to experienced talent and a variety of relevant suppliers. Samsung Picks Texas for $17B Semiconductor Plant "Texas is proud that Samsung has decided to build their most advanced semiconductor manufacturing In any case, aTSMC fab coming to Arizonawill strengthen the U.S. semiconductor industry. Others would only come online towards 2042. "Austin's 25-year history with Samsung is a valued relationship, and products made in Austin remain southwest of Taylor, allows the two locations to share the necessary infrastructure and resources. 2023 Vox Media, LLC. The city of Taylor also offered Samsung incentives to locate its plant there, which reportedly amount to property tax breaks of over 90 percent for its first ten years, the WSJ notes. A second fabrication plant was opened in June 2007 and in August 2017 the Samsung Austin Semiconductor (SAS) complex was expanded to include more space for offices and production. As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future, said Kinam Kim, Vice Chairman and CEO, Samsung Electronics Device Solutions Division. Samsung Austin Semiconductor Begins $3.6B Expansion for Advanced Logic Customer Support page for assistance. advanced semiconductor fabrication more accessible and meeting surging demand for leading-edge "With greater manufacturing capacity, we will be able to better serve the needs Beginning this year, Samsung Austin Semiconductor will be making annual charitable contributions to the Taylor community averaging at least $300,000 each year. The estimated $17 billion investment in the United . & Great Northern Railroad laid tracks here in the 1870's.