Governor Greg Abbott has announced that Samsung Austin Semiconductor, LLC will receive a $250 million grant from the Texas Semiconductor Innovation Fund (TSIF) to support its semiconductor fabrication facility in Taylor. The announcement was made during a meeting with Samsung executives at the Texas Capitol.
According to Governor Abbott, “Texas is home to the future of technology and innovation. With approximately $40 billion invested in Texas, Samsung is helping to cement Texas’ position as the leading state for semiconductor manufacturing, bringing in more business investment to Texas communities and creating thousands of good-paying jobs for hardworking Texans. This $4.73 billion investment by Samsung in their Taylor semiconductor fabrication facility will provide a more secure domestic supply of chips for critical U.S. industries and ensure the most advanced chips that will power next-generation technologies are Made in Texas.”
Samsung’s new initiative involves a $4.73 billion capital investment aimed at producing 2-nanometer logic chips used in next-generation technologies such as 5G, artificial intelligence (AI), and high-performance computing. The project is part of an onshoring strategy intended to strengthen domestic chip manufacturing capabilities. In November 2021, Governor Abbott previously announced Samsung’s major investment to build the Taylor facility, which remains the largest foreign direct investment recorded in Texas.
Young Hyun Jun, Vice Chairman and Head of Device Solutions Division at Samsung Electronics, stated: “Samsung has been proud to call Texas home for the past 30 years and is deeply appreciative to the State of Texas and the Governor’s Office for this significant grant award. This grant will ensure that our semiconductor manufacturing facility in Taylor delivers the most advanced technology for our global customers and continues to reinforce the chip supply chain in the U.S. We are excited about this opportunity and look forward to continuing to strengthen our relationship.”
In July 2024, Governor Abbott met with Samsung executives at their campus in Pyeongtaek, South Korea.
Senator Charles Schwertner commented: “Samsung’s continued investment in Texas will deliver lasting benefits to our state’s economy and workforce. This grant will further strengthen America’s chip supply chain, create thousands of high-quality jobs for Central Texans, and cement our state’s role as the global leader in advanced semiconductor manufacturing.”
Representative Caroline Harris Davila added: “The state’s considerable support of the Samsung Austin Semiconductor facility in Taylor is a powerful testament to Texas’ leadership in semiconductor innovation and economic growth. I’m proud to represent Taylor and neighboring communities across Central Texas, where this historic project is already supporting tens of thousands of jobs and billions in local economic activity. This newest commitment will further boost opportunities in Williamson County, strengthen America’s national security, advance AI innovation, and secure a resilient supply of advanced microchips. Thank you to Governor Abbott for his leadership and for keeping Texas the most business-friendly state in the nation.”
The TSIF program was established through legislation signed by Governor Abbott as part of efforts under the Texas CHIPS Act passed into law in 2023. The fund aims to maintain Texas’ leadership position within U.S. semiconductor research, design, and production by supporting industry expansion as well as academic expertise through programs administered by divisions within his office.
