Samsung will build an advanced chip plant in Texas in a win for Biden’s drive to increase U.S. production

Date Published11/22/2021
Author NameJenny Leonard and Sohee Kim
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung Electronics America
Parent companySamsung
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1800
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Offshore, work was done:In-house
Capital investment ($):17,000
Country(ies) from which reshored:Korea, Republic of
City reshored to:Austin
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredChip plant, semiconductor
What domestic positive factors made reshoring more attractive?Government Incentives, Joe Biden
Government Incentive dollar amount:$52 billion
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