Published: 06-15-07
AUSTIN –Gov. Rick Perry today attended the grand opening of the new Samsung Austin Semiconductor manufacturing plant. The state-of-the-art 300mm wafer fabrication plant is a significant technological advancement from the current Samsung facility. The expansion is a result of a $10.8 million Texas Enterprise Fund (TEF) grant announced by Gov. Perry in April 2006. The new development will create thousands of jobs in Central Texas recruiting both regular and contract employees.
“This plant will further cement Texas’ reputation as a world leader in high-tech innovation and the home of a skilled workforce that can keep up with the demands of the growing handheld device industry” said Perry.
“We welcome the capital investment by world-class global companies like Samsung and in return offer a great business environment with low taxes reasonable regulations and good schools.”
Samsung Electronics chose Texas as the place to make the largest foreign industrial investment in the United States with this project building and operating the largest semiconductor plant in North America. The new manufacturing plant encompasses more than one million square feet of manufacturing and office space and will produce flash memory chips used by MP3 players and similar hand-held devices.
Austin has been the site of Samsung’s chip manufacturing plant since 1997. In 2003 Samsung launched a $500 million upgrade and expansion for its Austin semiconductor memory chip plant.
The legislature at the governor’s request created the TEF in 2003 and re-authorized the fund in 2005 to help bring new jobs to Texas. To date the TEF has closed the deal on projects generating more than 45000 new jobs and $10 billion in capital investment in the state.
“We welcome the capital investment by world-class global companies like Samsung and in return offer a great business environment with low taxes reasonable regulations and good schools.”
Samsung Electronics chose Texas as the place to make the largest foreign industrial investment in the United States with this project building and operating the largest semiconductor plant in North America. The new manufacturing plant encompasses more than one million square feet of manufacturing and office space and will produce flash memory chips used by MP3 players and similar hand-held devices.
Austin has been the site of Samsung’s chip manufacturing plant since 1997. In 2003 Samsung launched a $500 million upgrade and expansion for its Austin semiconductor memory chip plant.
The legislature at the governor’s request created the TEF in 2003 and re-authorized the fund in 2005 to help bring new jobs to Texas. To date the TEF has closed the deal on projects generating more than 45000 new jobs and $10 billion in capital investment in the state.
