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Samsung Plows $17 Billion into New Texas Chip Factory Creating Thousands of Jobs

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  • Samsung Plows $17 Billion into New Texas Chip Factory Creating Thousands of Jobs

    Samsung Plows $17 Billion into New Texas Chip Factory Creating Thousands of Jobs

    Samsung-Plows-17-Billion-into-New-Texas-Chip-Factory-Creating-Thousands-of-Jobs.jpg

    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."


    The first to state his case seems right until another comes and cross-examines him.

  • #2
    It's nice reading about one of these stories where the company in question isn't Amazon
    "I am not angered that the Moral Majority boys campaign against abortion. I am angry when the same men who say, "Save OUR children" bellow "Build more and bigger bombers." That's right! Blast the children in other nations into eternity, or limbless misery as they lay crippled from "OUR" bombers! This does not jell." - Leonard Ravenhill

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    • #3
      Originally posted by Cow Poke View Post
      Samsung Plows $17 Billion into New Texas Chip Factory Creating Thousands of Jobs

      Samsung-Plows-17-Billion-into-New-Texas-Chip-Factory-Creating-Thousands-of-Jobs.jpg

      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."

      Good to see more companies coming to the US for creating semiconductor chips. Because right now we, and the rest of the world, are dangerously dependent on Taiwan for them. It would not surprise me if China strikes and takes Taiwan just for the power that would give them over the rest of us. And there's not much we could feasibly do, especially with the current morons heading the country.
      "So when you actually get the virus, you're going to start producing antibodies against multiple pieces of the virus. So, your antibodies are probably better at that point than the vaccination."
      - Pfizer Scientist Chris Croce

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      • #4
        Originally posted by Gondwanaland View Post

        Good to see more companies coming to the US for creating semiconductor chips. Because right now we, and the rest of the world, are dangerously dependent on Taiwan for them. It would not surprise me if China strikes and takes Taiwan just for the power that would give them over the rest of us. And there's not much we could feasibly do, especially with the current morons heading the country.
        I don't have much hope for Taiwan over the next three years.

        I'm always still in trouble again

        "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
        "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
        "Of course, human life begins at fertilization that’s not the argument." --Tassman

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        • #5
          Good for Texas. Bad for my area as we were in the running for the location as well. Guess it proves red Texas provides a superior business environment to blue New York.
          "For I desire mercy, not sacrifice, and acknowledgment of God rather than burnt offerings." Hosea 6:6

          "Theology can be an intellectual entertainment." Metropolitan Anthony Bloom

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