Photo courtesy of Samsung Electronics
Tesla supplier Samsung will build a new chip factory in Taylor, just 38 minutes from Giga Texas. The South Korean manufacturer intends to spend $17 billion on the new facility.
Samsung Electronics has selected Taylor, Texas as the site for its $17 billion chip factory. On September 8, the company is going to discuss the construction of the facility with the city authorities. A source who works at Suwon, a chipmaker based in Gyeonggi, told the Korea Joong ang Daily that Samsung recently completed a huge investment decision.
“So far, [Samsung Electronics] has thoroughly reviewed four to five locations for the 'Star Project,’” said the source who wished to remain anonymous. “What I learn is that [Samsung] finally chose Taylor after taking into account investment incentives and geographic conditions,” the source added.
Recently, local media outlets in Texas reported that an important announcement would be made during a meeting between the Williamson County Court of Commissioners, Taylor City Council, and Samsung. The proposed agenda is to “discuss, consider and take appropriate action on a resolution in support of Samsung Austin Semiconductor LLC's selection of Williamson County as the location of its new $17 billion facility," according to a post on the website of the county where Taylor is located.
The Taylor Independent School District office in June pre-approved $314 million in tax credits for the next 10 years after Samsung applied for favorable tax credits. According to a document filed with the Texas Comptroller's Office, Samsung plans to start construction by Q1 2022 with a target for production in Q4 2024.
The close proximity of the new location to Giga Texas hints that Tesla could become one of Samsung's clients. The Californian manufacturer will produce hundreds of thousands of cars a year, gradually increasing its number, which will require a huge amount of chips.
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