Samsung selects Taylor, TX for its $17B chipmaking factory

[Bryan Noth]

In a highly anticipated but not unsurprising announcement, Samsung has officially selected the NorthEast suburb of Austin, TX for their next chip plant.  Many of the tax incentives for the factory were approved months ago and company sources reported to the WSJ that an official announcement is expected later today.

The 1200 acre site is on the Western side of Taylor, TX.  This is one of the largest foreign country's investments on US soil at $17 billion dollars.  For perspective, the Tesla Gigafactory in East Austin was $1.1 billion.  Samsung has guaranteed 1,800 direct jobs and the ripple effect of indirect jobs created is expected to be near 10,000.  Building is expected to start January of 2022.  

This will undoubtedly have a tremendous impact on the local market of Taylor but will also likely affect the submarkets in between Austin as well.  Heading NorthEast from Austin the closest suburb is Round Rock, then Hutto, and finally Taylor.  Highway 79 runs through all of those cities running East to West and also intersects toll road 130 which encircles the Eastern side of Austin and I35.  Tesla built directly off of toll road 130 as well.  

Wall Street Journal article link here:

https://www.wsj.com/articles/s...

Austin Business Journal Link here:

https://www.bizjournals.com/au…

Local news report link here:

https://www.kxan.com/news/loca...