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.
The move is expected to create around 2,000 high-tech jobs in Taylor – a locale that's more town than city, is home to 16,000 souls, and can be found 30 minutes of easy driving to the northeast of Austin.
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Beyond its assets for business, Taylor's charms include an attractive town square and a famous BBQ joint named Taylor Café. Although if y'all aren't satisfied by that establishment's authentic honky tonk down home ambience, you'll be happy to know Taylor has a BBQ trail to stagger along.
Samsung reckons the new facility will have a footprint spanning over five million square metres. That makes it even more honkin' than the massive Austin plant that gained notoriety in February of this year when it was forced to shut down amid a severe state-wide power outage.
The Austin plant was able to recover without making a noticeable dent in Samsung's bottom line – probably thanks to the unprecedented global chip boom and shortage that's kept prices high.
Samsung expects to break ground on the facility next year and be spitting out chips – in a good way – by 2024. If rumours are true, the new facility will produce 3nm chips.
Samsung has said the Taylor facility will "manufacture products based on advanced process technologies for application in areas such as mobile, 5G, high-performance computing (HPC) and artificial intelligence (AI)".
The Office of the State Governor, Greg Abbott, wasted no time hailing the deal as evidence Texas is awesome in every way.
"Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce," boasted Abbott in a canned statement.
"As one of the largest foreign investment economic development projects in United States history, to say Samsung's commitment to this project is monumental would be a huge understatement," added Taylor Economic Development Corporation President and CEO Mark Thomas. ®