Have you been to their facility in Austin? I have, and can assure you that a whole lot of their employees are not Texans.

"Based on various factors, we are reviewing the possibility of expanding our semiconductor manufacturing facilities. A number of global locations, including multiple candidates within the U.S., are under consideration. However, no decision has been made at this time," the company said."

"Samsung projects that the proposed new facility would have an initial average annual wage of $66,254 for its employees. The facility could have a local economic impact of $8.6 billion over its first 20 years of operation, according to the documents filed with the state."

It will be tough to muscle into the chip biz with Frito Lay already in Tx but more power to them...

You had to wander over here to find this post you must be getting bored too. LOL.

This is Big, with a capital B.

Don't rain on the parade. Greatness is coming to Centex!

The electric crisis Texas dealt with during the recent storms may have Samsung reconsidering.

I remember way back in the dark ages when we measured things in microns. I even have some 4 inch wafers around here somewhere.

For the non-scientific folks, a human hair is about 100 microns thick. 1 micron is 1000 nanometers.

Samsung Approaches Texas
Samsung has wanted to expand its semiconductor industry for the better part of a year with investments into universities, and the desire to create a new semiconductor foundry. While there was speculation about where this facility will be, recent information shows that Samsung has its eye firmly set on Texas.

Growth in the semiconductor industry has already been felt globally, and many big players have started a hiring spree. For example, Samsung typically has less than 100 new positions at any one time, but now there are many hundreds. SK Hynix is also the same, and job opportunities in the sector including foundry work, R&D, and developers.

However, instead of committing to the state, Samsung has been reported to have sent a letter of demands from the state of Texas. The first request is that Samsung is given $900 million in tax relief over the next 20 years, and the second request is that the state of Texas reduces utility tax, reduces property tax, and offers non-cash benefits.

While California is home to many big names, many companies are leaving the state due to its social progressive policies (such as $15 minimum wage), and large amounts of red tape. Texas has always been a major player in the semiconductor manufacturing business. Still, Samsung's move demonstrates that Texas as a real opportunity for growth that could outpace states like California.

Should Texas take the deal?
In a single word, yes, Texas should absolutely take the deal. According to the report, Samsung would provide Texas with $8.6 billion of wealth (not clear if this is over 20 years or each year), and the creation of such a foundry would provide over 1,800 jobs.

The addition of a Samsung production facility in Austin would also make the area more desirable for other companies looking for a new home. After the financial disaster of COVID and the following snowstorms, any additional economic growth that Texas can achieve will massively benefit the state. Furthermore, as more manufacturing sites relocate to Texas, there is a major incentive to better prepare infrastructure to ensure a steady supply of key services such as water, electricity, and gas.

However, if Texas is not careful, it could fall into the same trap as California did. One of the major reasons for the strict California rules on business stems from the voting population who often vote in progressive policies. If residence from such areas decide to escape to Texas for lower price housing and better job prospects but bring their politics with them, it could see the state of Texas switch from a traditionally red state to a blue state, and as such begin to bring in the very same policies that are driving business away from California

If residence from such areas decide to escape to Texas for lower price housing and better job prospects but bring their politics with them, it could see the state of Texas switch from a traditionally red state to a blue state, and as such begin to bring in the very same policies that are driving business away from California

Notice the word If

It is an informative article up to the last couple of sentences IMO. No need for the editorial comment at the end, that is conjecture. I didn't want to leave it out though, not trying to proof text anything here. It would be a big win.

SEOUL/SAN FRANCISCO, Sept 29 (Reuters) - Samsung Electronics Co Ltd (005930.KS) is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said.

I remember way back in the dark ages when we measured things in microns. I even have some 4 inch wafers around here somewhere.

For the non-scientific folks, a human hair is about 100 microns thick. 1 micron is 1000 nanometers.