Samsung Electronics Co Ltd is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials.
Samsung considers Austin for $17 billion chip plant
Samsung’s American customers for its contract manufacturing chip business include Tesla, Qualcomm, and Nvidia
Reuters
February 05, 2021
Samsung is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials.
The tech giant is seeking combined tax abatements of $805.5 million over 20 years from Travis County and the city of Austin, among other tax breaks, according to the documents.
Samsung said in its filings that if Austin is selected, the company would break ground on the site in the second quarter of this year and that the plant will become operational in the third quarter of 2023.
By Lambert Strether of Corrente.
Patient readers, sorry to be a bit late. Every so often by VPN causes my browser to believe I’m in Norway, at which point search results and my mailer UI appear in Norwegian, and I have to spend a few minutes persuading my browser otherwise. More politics shortly. –lambert
Bird Song of the Day
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
Resuming the upward climb, though at a lesser slope. Looks like the Midwest did it, from the regional data. I feel I’m engaging in a macabre form of tape-watching, because I don’t think the peak is coming in the next days, or even weeks. Is the virus gathering itself for another leap?
U.S. Defense Department looks to bolster domestic chip manufacture with new program By Syndicated Content
By Stephen Nellis
SAN FRANCISCO (Reuters) - The U.S. Defense Department will soon start soliciting proposals for a program to provide incentives to boost semiconductor manufacturing capabilities in the United States, according to a posting on a government contracting site.
Major American semiconductor companies such as Apple Inc, Qualcomm Inc and Nvidia Corp rely on outside manufacturers such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC) or Samsung Electronics Co Ltd to fabricate their chips in what are called foundries.
Most of those foundries are located in Taiwan or South Korea. While Intel Corp operates U.S. chip factories, they are mostly dedicated to manufacturing its own chips rather than doing work for outside clients.