Samsung is planning on investing $17 billion in land, buildings, equipment, and other personal business property.
The project will be comprised of:
- $6 billion in buildings and other real property improvements
- $11 billion in machinery and equipment
- 1,000+ acres
- 6 million square foot semiconductor manufacturing facility
The manufacturing facility is slated to be fully-operational by the end of 2025.
In 2019 alone, the company made a $4.5 billion economic impact in Central Texas, supporting nearly 10,000 jobs and more than $445 million in salaries. With this partnership, Samsung would be the largest single facility paying taxes in Texas. Moreover, this project is critical to national security as the U.S. cannot rely on foreign supply chains for semiconductors, which are integral to daily life and development.
The facility will manufacture advanced semiconductor technology.
Semiconductors are used in the devices and technology we use every day – they are the brains that power your smartphones, make your commute safer and smarter, and impact your daily life in countless other ways.