For nearly three decades, Samsung Austin Semiconductor has been an integral part of the community by being a driver of job creation and employment, economic impact and engagement within the community.
Since its establishment in 1996, Samsung Austin Semiconductor has invested more than $18 billion in its Austin campus. In late 2021, Samsung Electronics announced a $17 billion investment
to build a new semiconductor manufacturing facility in Taylor, Texas. Bringing new jobs and enhancing workforce development initiatives, Samsung’s investment in Taylor – Samsung's largest-ever in the U.S. – will build supply chain resilience of crucial chips while contributing to the development of the local community.
With this investment, Samsung, the only semiconductor company to hold a dominant technology lead in both memory and logic chip technologies, will have made a total investment of $35 billion in advanced manufacturing in Texas and a total of $47 billion in the U.S.
According to an economic impact analysis performed by Impact DataSource
, in 2022, Samsung’s Austin manufacturing site along with the Taylor construction site injected $13.6 billion into the local economy—more than double compared to $6.3 billion in 2021.
In 2022, the Austin campus located on East Parmer Lane contributed $9.3 billion to the local economy and provided $912 million in workers’ salaries.
The Austin site, which operates two manufacturing facilities, supports 14,312 jobs in the area—4,377 of which are direct employees, and 9,900+ are indirect workforce such as partners, vendors and contractors.
According to the report, the estimated revenues received by taxing districts in 2022 totaled more than $182 million, with more than $17 million paid in property taxes.