Samsung may be considering a $200 billion investment into expanding its planned Texas chip factories, in an effort that would bring nearly 10,000 jobs to the state.
The technology company filed several applications within multiple school districts in Austin, Texas, seeking tax breaks for the facilities, according to documents reviewed by the Austin American-Statesman.
Samsung filed proposals for 11 new manufacturing plants, two of which would be constructed in Austin while nine would be built in Taylor, Texas, a smaller town in a nearby county. The total investment proposed by Samsung would be worth $192.1 billion and create an estimated 10,000 jobs over several years.
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These investments would be on top of Samsung’s initial $17 billion investment into a chip factory in Taylor, which it announced in November 2021.
While these factories offer the promise of new jobs in the region, they would not be operational until 2034, according to the documents. At least two of the factories would not be operational until 2042, according to the applications.
A Samsung spokesperson said that the applications are part of a “long-term planning process of Samsung to evaluate the viability of potentially building additional fabrication plants in the United States.”
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American investments in semiconductors have been a fixation of Congress for the last month. The CHIPS Act, which would provide $52 billion in subsidies to a select number of companies to construct additional semiconductor factories in the U.S., was recently separated from a larger funding bill in hopes of giving it a better chance of becoming law. The bill passed the Senate on Tuesday.
Intel delayed the groundbreaking of its Ohio-based chip plant after Congress delayed the passing, although construction continues to move forward.
