Samsung to Build $17 Billion Chip-Making Factory Near Austin, Texas; Bring Thousands of Jobs

[Nzinga]

Samsung to Build $17 Billion Chip-Making Factory Near Austin, Bring Thousands of Jobs
Gov. Greg Abbott expected to make a formal announcement Tuesday afternoon
Published November 23, 2021 • Updated on November 23, 2021 at 8:29 pm


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Samsung announced plans Tuesday to build a $17 billion chip-making plant in the Williamson County town of Taylor that will bring thousands of jobs to the Central Texas area.
Texas Gov. Greg Abbott (R) made the announcement at the governor's mansion Tuesday afternoon flanked by U.S. Sen. John Cornyn (R-Texas) and Dr. Kinam Kim, vice chairman and CEO of Samsung Electronics Device Solutions Division.

Samsung’s decision to locate its cutting-edge semiconductor fabrication plant in Taylor is the single-most significant and consequential development for the local economy since the International & Great Northern Railroad laid tracks here in the 1870’s.

Abbott said the plant would create about 2,000 high-tech jobs and thousands of indirect jobs along with a minimum of 6,500 construction jobs. Construction should begin next year and chip production should begin in 2024.
The $17 billion in capital investments includes buildings, property improvements, machinery, and equipment for the campus.
"Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce," said Abbott in a prepared statement. "Samsung's new semiconductor manufacturing facility in Taylor will bring countless opportunities for hardworking Central Texans and their families and will play a major role in our state's continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to keep the Lone Star State a leader in advanced technology and a dynamic economic powerhouse."
Abbott said Samsung has been given incentives at the federal, state, county and local level -- details of those incentives will be released Tuesday afternoon. A statement from the governor's office said the company was being provided with a Texas Enterprise Fund (TEF) grant of $27 million for their job creation. In addition, Samsung has been offered a $20,000 Veteran Created Job Bonus.
"As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future," said Kim. "With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain. We are also proud to be bringing more jobs and supporting the training and talent development for local communities, as Samsung celebrates 25 years of semiconductor manufacturing in the United States."




The Wall Street Journal reported Samsung would also receive property tax breaks for 10 years. A deal with the Taylor ISD, KXAN-TV reported, would also grant 24 students internships with Samsung each year.
"The City of Taylor is honored to have been selected by Samsung as the site for this critically important project, and we look forward to a long-lasting and mutually-beneficial relationship between our community and the company."
A global shortage of semiconductor chips has hit automakers and technology companies, among others, hard this year, making it tough for many to bring products to market. The Biden administration has urged companies to onshore manufacturing supply chains, including semiconductor chips.
Samsung has operated a semiconductor plant in North Austin for several decades, with the first plant opening in February 1996. A second fabrication plant was opened in June 2007 and in August 2017 the Samsung Austin Semiconductor (SAS) complex was expanded to include more space for offices and production.
"Samsung Austin Semiconductor has been proud to call Texas home for more than 25 years," said Dr. Sang Sup Jeong, president of Samsung Austin Semiconductor in a statement Tuesday. "We are excited about our growth and future opportunities in Central Texas and appreciate the support from all Central Texas leaders."

 

[lightbright]

OP will be starting an AI project with those chips now.... making robot goats for him to pleasure himself with so he doesn't have to worry about catching something.... gonna team up with Boston Dynamics and make some robot goats with rump shakers on them to fuck



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[Nzinga]

I do not know why Abbott is gloating when the money to do this is coming from Biden.

As Bernie Sanders says, there is $52 billion in the infrastructure law that Biden just
signed that is designed to revitalise the American semiconductor industry. Still, this
does not address the core reason why the industry left the US in the first place. The
fact is that the US 1% wanted to make more money by using Asian technical man-
power. Does this mean the engineers will be given salaries comparable to those of
Koreans? The semiconductor is industry is labour intensive and requires a lot of
highly trained but lowly paid operators who work the longest hours in the most of
unforgiving conditions running lithography and chemical vapour deposition machines.
When I worked at a local fab, those poor people got $11- 12 an hour, 12 hours a day,
3 days this week and 4 days the next. Even then, the company still outsourced their
jobs to Asia.

Furthermore, many of the engineers in the place will be Indian and Chinese seeing
that Americans can no longer afford the $40, 000 or $50, 000 a year engineering
education costs these days.

 

[lightbright]

I do not know why Abbott is gloating when the money to do this is coming from Biden.

As Bernie Sanders says, there is $52 billion in the infrastructure law that Biden just
signed that is designed to revitalise the American semiconductor industry. Still, this
does not address the core reason why the industry left the US in the first place. The
fact is that the US 1% wanted to make more money by using Asian technical man-
power. Does this mean the engineers will be given salaries comparable to those of
Koreans? The semiconductor is industry is labour intensive and requires a lot of
highly trained but lowly paid operators who work the longest hours in the most of
unforgiving conditions running lithography and chemical vapour deposition machines.
When I worked at a local fab, those poor people got $11- 12 an hour, 12 hours a day,
3 days this week and 4 days the next. Even then, the company still outsourced their
jobs to Asia.

Furthermore, many of the engineers in the place will be Indian and Chinese seeing
that Americans can no longer afford the $40, 000 or $50, 000 a year engineering
education costs these days.

Give up already.... no one is paying any attention to you or cares about what you claim to know or not know

sidebar: focus bitch.... you're losing focus again... remember that you hate on America





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[killagram]

Go Texas Go!! Brah