Samsung lays the potential groundwork for several new Texas-based semiconductor factories

Forward-looking: Samsung recently filed 11 tax break applications to build semiconductor facilities in the suburbs of Austin, Texas. The applicatio...

July 29, 2022
3:02 AM

Forward-looking: Samsung recently filed 11 tax break applications to build semiconductor facilities in the suburbs of Austin, Texas. The applications for state-backed incentive programs were posted to the Texas state comptroller's website earlier this week. If pursued, the semiconductor giant's investment could total up to $200 billion across the Austin and Taylor areas. 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.

Jimmy Pezzone