Samsung Lays The Potential Groundwork For Several New Texas Based Semiconductor Factories
The applications are part of Texas’ Chapter 313 incentive program, which provides companies with a 10-year limitation on the taxable property values in exchange for the applicant installing facilities and creating jobs within the defined area. The proposals come on the heels of Samsung’s plans to build a $17 billion semiconductor manufacturing facility just northeast of the Austin area. The move, if pursued, would expand Samsung’s Texas-based manufacturing operations with two facilities in Austin and nine more in nearby Taylor....