Image: Samsung

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.

Image: Austin Relocation Guide

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.

Sources: Korea JoongAng Daily (via Austonia), ComputerBase, CRN

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Peter Brosdahl

As a child of the 70’s I was part of the many who became enthralled by the video arcade invasion of the 1980’s. Saving money from various odd jobs I purchased my first computer from a friend of my...

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9 Comments

  1. Good move Taylor Texas. Austin prices are too high even for Samsung. And the local tax break will be nice coupled with the zero income tax of Texas it will be a target for many more expansions I bet. I’m glad to see this and hope the new production helps.

  2. [QUOTE=”Dan_D, post: 41000, member: 6″]
    I kind of wish it would stop. We’ve had far too many liberals come into the state.
    [/QUOTE]

    I thought it was against the law to be liberal in Texas?

  3. [QUOTE=”Auer, post: 41005, member: 225″]
    I thought it was against the law to be liberal in Texas?
    [/QUOTE]

    Sadly, it isn’t. The major cities save for Fort Worth are all pretty much liberal strongholds now. The vast majority of the state is still conservative, but San Antonio, Houston, Dallas and Austin are all liberal shitholes now. A year or so ago Dallas city council decided they weren’t going to prosecute thefts under $500 anymore and crap like that. Of course crime went up. It also spent the police and fire pension fund. When questioned about their plan to replenish / replace the funds they simply decided that police and fire no longer needed pensions and got rid of them outright.

    Over the last 20 years we’ve had a ludicrous influx of liberals from other states looking to escape their shithole states. Unfortunately, these morons bring their politics and voting habits here. In a few decades, Texas will be as bad as California. At some point, I may have to move to the midwest or something. Companies fleeing liberal states have brought jobs, but they also bring workers from those states with them.

  4. [QUOTE=”Auer, post: 41005, member: 225″]
    I thought it was against the law to be liberal in Texas?
    [/QUOTE]

    There are only a few types of conservatives in Texas.
    1. The uninformed… normally rural.
    2. The ‘Gun Nuts’ group that believes for any reason right or wrong that the ‘liberals’ want to take ‘x’ away from them or force some ‘commie’ practice on them… like universal health care.
    3. The willfully misinformed that only consider their side and what they have been told in an echo chamber. (please note that the same here applies to many Liberals as well.)
    4. The well off or Rich or ‘dreamers’ that believe that with enough hard work and dedication and ONE good idea they too will be in the upper tax brackets and targeted for additional taxes that the ‘Liberals’ want to foist upon their future or current income. (Please note in my opinion this group is woefully bad at math.)
    (EDIT TO ADD)
    5. Also see Anti-Vaxxers, Pro-Lifers, flat earthers (to be fair living in Texas… I get it.)

    The above is meant in satire and humor and not to be offensive to any one group. 🙂

  5. I think it would be best for Texas to leave the United States of America.
    It would also be best for the United States of America.

    Win-Win.

  6. [QUOTE=”Dan_D, post: 41009, member: 6″]
    A year or so ago Dallas city council decided they weren’t going to prosecute thefts under $500 anymore and crap like that. Of course crime went up. It also spent the police and fire pension fund. When questioned about their plan to replenish / replace the funds they simply decided that police and fire no longer needed pensions and got rid of them outright.
    [/QUOTE]
    WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAT

    [QUOTE=”Dan_D, post: 41009, member: 6″]
    In a few decades, Texas will be as bad as California.
    [/QUOTE]
    I was born in Texas. I don’t like hearing that. California is one of the states that pisses me off the most.

  7. I don’t even know if this is still policy but yea it is real.. though the numbers are a bit different. here is a quote on it.

    “But part of his plan included a decision not to prosecute thefts of personal items under $750 that are stolen out of necessity. Immediately, Creuzot came under fire from state officials and police leaders who said the policy was irresponsible and would encourage criminal activity.

    Creuzot said he didn’t arbitrarily pick that $750 threshold — that’s the value of stolen items that state law dictates will result in people being charged with no more than a Class B misdemeanor.”

    My personal thought on this is… if you’re stealing near 700 dollars worth of stuff to SURVIVE… that’s a LOT to be stealing. I don’t know that I could find a necessity for that.

    Unless I’m stealing at one of the over priced hipster places but even then I’d never make it out if I was that desperate because I wouldn’t fit the look of the shoppers.

    I don’t know maybe I could blend in with a bunch of dirty non showering hipsters now that I think about it.

  8. I’m glad we have admins that try to keep threads on topic and don’t introduce unproductive conversation.

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