Samsung Taps Taylor for New Semiconductor Manufacturing Facility

Samsung Electronics Co. Ltd. is set to build a new semiconductor manufacturing facility in Taylor. Samsung’s approximated $17 billion investment will be the largest foreign direct investment in Texas on record, bringing the company’s total Texas investment to more than $35 billion since 1996.

The new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing and artificial intelligence.

The project will create more than 2,000 high-tech jobs, thousands of indirect jobs and a minimum of 6,500 construction jobs. Construction will begin in early 2022 with a targeted production start in the second half of 2024. The $17 billion in capital investments includes buildings, property improvements, machinery and equipment.

A Texas Enterprise Fund grant of $27 million has been extended to Samsung for job creation. In addition, Samsung has been offered a $20,000 veteran-created job bonus.  

“Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce,” said Governor Greg Abbott. “Samsung’s new semiconductor manufacturing facility in Taylor will bring countless opportunities for hardworking Central Texans and their families, and will play a major role in our state’s continued exceptionalism in the semiconductor industry.”