Samsung to build $17 billion chip facility in Texas

 Neonnettle:

Tech company Samsung is set to build a $17 billion semiconductor factory in Taylor, Texas, in one of the biggest ever foreign direct investments in the history of the state.

Gov. Greg Abbott (R-TX) said Samsung chose the Lone Star State because of its business-friendly climate:

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

"The project will create over 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 target of 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 (TEF) grant of $27,000,000 has been extended to Samsung for their job creation. In addition, Samsung has been offered a $20,000 Veteran Created Job Bonus."

...

Texas Instruments is also building a $30  billion chip manufacturing facility near Sherman in North Texas.  Taylor is in Central Texas near Austin. 

Texas Instruments Selects Sherman for Potential $30 Billion Semiconductor Chipmaking Campus 
The site has the potential to house up to four semiconductor chip manufacturing plants

The Texas Instruments plant could employ up to 3,000 workers.  The obvious chip shortage from autos, trucks, and other products is generating these builds. 

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