11 new fabs, 10,000 new jobs


In what could be the biggest economic investment in Central Texas history, technology giant Samsung is considering building 11 new chipmaking facilities in the Austin area over the next two decades, a stunning move that could lead to nearly $200 billion in new investment and create more than 10,000 jobs, according to documents filed with the state.

Fresh off announcing plans to build a $17 billion semiconductor factory in Taylor, Samsung could increase its investment in the region by more than 10 times that amount if the proposed facilities were to be built.

The potential plans are described in 11 applications Samsung has filed with the Taylor and Manor school districts seeking tax breaks for building the facilities. The applications, part of the state’s Chapter 313 incentives program, were posted Wednesday afternoon on the Texas comptroller’s website.

#fabs #jobs

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