Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

URLhttps://www.kvcrnews.org/2024-04-15/samsung-gets-6
Sourcekvcrnews.com
Date Published04/15/2024

Additional Reshoring Information:

Company/Division name Samsung
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):4500
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2029
Domestically, the work will be done:In-house
Capital investment ($):4640
Country(ies) from which reshored:Korea, South
City reshored to:Taylor
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$6.4 billion
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