From Innovations to Impact: Everything’s Bigger in Texas
At Wooptix, we want to highlight the benefits generated by semiconductor factories, using Samsung’s facility in Texas as an example
Taylor, Texas Fab in Numbers
$17 BILLION
Samsung’s initial minimum investment in the Taylor fab, which includes buildings, property improvements, machinery and equipment.
$47 BILLION
Samsung’s total investment in the U.S. since beginning operations in the country in 1978.
20,000
The number of Samsung employees across the U.S.
2,000
Number of direct jobs that will be created at the Taylor location within the first decade
2022
Year of fab’s groundbreaking
2026
Year when the fab will be operational.
An Exciting Opportunity
What makes the Taylor project so exciting is its potential to positively impact the lives of people around the world and in its own backyard.
Samsung broke ground on the project in early 2022 with the goal of being operational in 2026. Our Taylor facility will boost the production of semiconductor solutions that will power next-generation technologies in areas like 5G, artificial intelligence (AI) and high-performance computing (HPC). With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain.
For Taylor, located less than 30 minutes from the Texas state capital of Austin, our investment will bring thousands of new jobs and valuable training. Together with our existing manufacturing site in Austin, the facility will allow us to open up exciting opportunities for Central Texans for years to come.
Economic Development Impact
Let’s take a moment to put the sheer size of this investment in perspective. Since 1996, Samsung has invested $18 billion in total for the Austin site. Samsung plans to invest a minimum $17 billion in this build-out – $6 billion in buildings and other real property improvements, and $11 billion in machinery and equipment.
The economic impact for Taylor and Williamson County has been substantial. In 2023, Samsung’s Austin manufacturing site along with the Taylor construction site injected $26.8 billion into the local economy —nearly doubled compared to $13.6 billion in 2022. In 2023, construction activities at the Taylor site injected $11.6 billion into the local economy and supported a total of 8,897 direct and 9,264 indirect construction jobs. In the same year, operations at the Taylor site pumped $115 million into the region while supporting 2,317 jobs in the area.
These incentives will boost city and county funds, producing long-term benefits for the community and positive implications for Taylor’s overall development. The purchasing of goods and services from businesses and individuals in Taylor will further boost the area’s economic development.
According to the Texas Comptroller’s Office, the City of Taylor’s total sales tax collection through June 2024 was $18.3, up $5.7 million when compared to the same time period in 2023.
Font: Samsung
More Information