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51%  
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  • Samsung Reportedly Picks This Tiny Town In Texas For A Massive $17 Billion Chip-Making Factory

    11/23/2021 9:48:46 AM PST · by blam · 36 replies
    Nation & State ^ | 11-23-2021
    WSJ reports Texas Gov. Greg Abbott is scheduled to make a major “economic announcement” on Tuesday at 5 pm local time concerning new plans for a massive semiconductor plant in Taylor, Texas. South Korean tech giant, Samsung Electronics Co., is doubling down in Texas with another facility, about 30 miles from its manufacturing hub in Austin. The new Taylor facility will cost a whopping $17 billion and create 1,800 jobs. Chip production wouldn’t start until the second half of 2024. WSJ said officials in Taylor incentivized Samsung by giving them “property-tax breaks of up to 92.5% for the first ten...