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Austin still in play for $17 billion Samsung fab, experts say
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Samsung s Austin fab back online after shutdown, millions in losses
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Major Austin tech company chips in $750,000 for winter storm relief
Major Austin tech company chips in $750,000 for winter storm relief Samsung is chipping in with a big donation to Austin organizations.
Photo by Montinique Monroe/Getty Images As it contemplates a multibillion-dollar expansion of its chipmaking operation in Northeast Austin, Samsung Austin Semiconductor is donating $750,000 for winter storm relief and recovery efforts in the Austin area. “The winter storm left many hungry, wet, financially insecure, and displaced,” Austin Mayor Steve Adler says in a March 4 news release. “Samsung Austin Semiconductor has been a great neighbor for 25 years, and this is another way they are making a positive impact [in] our community.”
Samsung, NXP chip fabs remain shutdown in Austin; What s the impact?
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Samsung seeks to have almost $1bn shaved off property taxes for planned Texas semiconductor fab
Company notes that it can always take its biz elsewhere as tech firms jostle to move to Lone Star state
Matthew Hughes Fri 5 Feb 2021 // 16:57 UTC Share
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Samsung is seeking a taxpayer bung of almost $1bn for its proposed semiconductor fabrication plant in Texas, according to documents filed with the state.
The requested package [PDF] includes tax reductions from the city of Austin, Travis County, and the Manor Independent School District, as well as unspecified assistance from the Texas Enterprise Fund.
In total, Samsung is seeking $805m in property tax abatements, with Austin cutting taxes by 50 per cent for the first five years of operations, and Travis County foregoing all property tax revenue from the project until 2030. Separate deals with the Manor Independent School District may total more than $200m over 20 years, with Samsung aiming to reduce