Samsung Electronics Investing $40 Billion in Right to Work Texas

Samsung Electronics is investing $40 billion in order to expand operations in Right to Work Taylor, Texas. This is a major investment! As a result, they will also create around 4,500 new jobs.

From Area Development Magazine:

“We’re not just expanding production facilities; we’re strengthening the local semiconductor ecosystem and positioning the U.S. as a global semiconductor manufacturing destination. […] To meet the expected surge in demand from U.S. customers, for future products like AI chips, our fabs will be equipped for cutting-edge process technologies and help bring security to the U.S. semiconductor supply chain.” […]

“Just over two years ago here at the Governor’s Mansion, I was proud to celebrate Samsung’s new semiconductor manufacturing facility in Taylor. […] We are now building on that initial investment to make Texas the premier semiconductor hub in America. Samsung’s investment of over $40 billion will help cement Texas’ position as the No. 1 state for semiconductors, bringing in more business investment to Texas communities and creating thousands of good-paying jobs in our great state. The future is full of microchips, and we’re proud that some of the world’s most advanced chips will be Made in Texas.”

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.