Governor Greg Abbott has announced a $250 million grant from the Texas Semiconductor Innovation Fund (TSIF) to Samsung Austin Semiconductor, LLC for its semiconductor fabrication facility in Taylor. The announcement was made during a meeting with Samsung executives at the Texas Capitol.
The grant supports Samsung’s ongoing project at the Taylor facility, which involves more than $4.73 billion in capital investment. The initiative is part of Samsung’s strategy to expand domestic production and transition to manufacturing 2-nanometer logic chips used in next-generation technologies such as 5G, artificial intelligence, and high-performance computing.
“Texas is home to the future of technology and innovation,” said Governor Abbott. “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 presence in Texas dates back 30 years. Young Hyun Jun, Vice Chairman and Head of Device Solutions Division at Samsung Electronics, said: “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.”
Governor Abbott previously met with Samsung Electronics executives at their Pyeongtaek campus in South Korea in July 2024.
Senator Charles Schwertner commented on the impact of Samsung’s continued investment: “Samsung’s continued investment in Texas will deliver lasting benefits to our state’s economy and workforce,” he said. “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 also highlighted local benefits: “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,” she said. “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.”
In 2023, Governor Abbott signed into law the Texas CHIPS Act, which established TSIF as well as the Texas Semiconductor Innovation Consortium (TSIC). These programs are managed by the Governor’s Economic Development & Tourism Office through its CHIPS Office. They aim to encourage growth among semiconductor-related companies within Texas, support higher education institutions’ capacity building efforts related to semiconductors, and maintain Texas’ status as a leader in U.S. chip manufacturing.
