$17B worth of chip factory will go nicely with the big BBQ joints in the town of Taylor
Samsung has finally announced the location of the US semiconductor manufacturing facility it’s building with an eye on addressing global silicon shortages: Taylor, Texas. Taylor was chosen for its proximity to the Lone Star State’s semiconductor scene, infrastructure, local government support and community development opportunities, according to Samsung’s canned statement about the new factory. The Korean giant added that Taylor’s proximity to Samsung’s current manufacturing site in Austin „allows the two locations to share the necessary infrastructure and resources“. In exchange for choosing Taylor, the Chaebol will receive property tax breaks of over 90 per cent for a decade – which is handy for Samsung because taxes in Texas are not merely an anagram. The company will also get a deal-closing grant from the state worth $27 million as a nod to its job creation efforts, plus a $20,000 bonus for any military veterans it hires.
