Samsung has decided that it will be building a $17 billion chip plant in Taylor, Texas. The new fab was originally meant to be an expansion for one already located in Austin, but Taylor outbid it as the new home for the 5-nanometer EUV foundry. The project is code named the “Star Project.”
Taylor lured Samsung into the deal with tax breaks spanning three decades, 92.5 percent for the first decade, followed by 90 percent and 85 percent for the second and third. The freeze in Texas that caused another Samsung plant near Austin to shut down after a power outage and cost the company about $350 million also factored into the decision. Despite increased costs for water, electricity, and infrastructure, this new plant would be able to operate in more stable conditions.
The new site will be located roughly 25 miles from Austin and occupy over 1,187 acres. This makes the site considerably larger than the 600 acres Samsung already has in the Austin area. It is expected to provide 1,800 jobs in a city with a population of 17,000. The new plant is scheduled to go online by 2024 and plans to offer four times the amount of production, with options for future expansions.
With this, Samsung decided against enlarging the previous campus and bought more than four times as much land as has been used at the old location…The small town of Taylor, Texas, will be home to Samsung’s new factory…Up to 30 years of tax breaks have been brought into play by Taylor, according to media reports.