NEWS
Governor announces new $17 billion Samsung manufacturing facility in Taylor
AUSTIN – Governor Greg Abbott Tuesday announced at a press conference in Austin that Samsung Electronics, Co., Ltd. (“Samsung”) will build a new semiconductor manufacturing facility in Taylor. Samsung’s approximated $17 billion investment will be the largest foreign direct investment in Texas on record, bringing the company’s total Texas investment to more than $35 billion since 1996.
The new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing (HPC), and artificial intelligence (AI).
The project will create over 2,000 high-tech jobs, thousands of indirect jobs, and a minimum of 6,500 construction jobs. Construction will begin in early 2022 with a target of production start in the second half of 2024. The $17 billion in capital investments includes buildings, property improvements, machinery, and equipment.
A Texas Enterprise Fund (TEF) grant of $27,000,000 has been extended to Samsung for their job creation. In addition, Samsung has been offered a $20,000 Veteran Created Job Bonus.
“Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce,” said Governor Abbott. “Samsung’s new semiconductor manufacturing facility in Taylor will bring countless opportunities for hardworking Central Texans and their families and will play a major role in our state’s continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to keep the Lone Star State a leader in advanced technology and a dynamic economic powerhouse.”
“As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future,” said Dr. Kinam Kim, Vice Chairman and CEO of Samsung Electronics Device Solutions Division. “With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain. We are also proud to be bringing more jobs and supporting the training and talent development for local communities, as Samsung celebrates 25 years of semiconductor manufacturing in the United States.”
“Samsung Austin Semiconductor has been proud to call Texas home for more than 25 years,” said Dr. Sang Sup Jeong, President of Samsung Austin Semiconductor. “We are excited about our growth and future opportunities in Central Texas and appreciate the support from all Central Texas leaders.”
“Samsung’s decision to locate its cutting-edge semiconductor fabrication plant in Taylor is the single most significant and consequential development for the local economy since the International & Great Northern Railroad laid tracks here in the 1870’s,” said Taylor Mayor Brandt Rydell. “The City of Taylor is honored to have been selected by Samsung as the site for this critically important project, and we look forward to a long-lasting and mutually-beneficial relationship between our community and the company.”
“Williamson County has again proven to be a leader in attracting the world’s top technology companies,” said Williamson County Judge Bill Gravell. “To Samsung, I want to say ‘Welcome Home.’ We want to thank Governor Abbott for his amazing leadership and help on this project. With the addition of Samsung on the east side of our county, Apple on the west side, and Dell Computers World headquarters in the center, Williamson County is now home to the technology superhighway of the world.”
“As one of the largest foreign investment economic development projects in United States history, to say Samsung’s commitment to this project is monumental would be a huge understatement,” said Taylor Economic Development Corporation President and CEO Mark Thomas. “The Taylor Economic Development Corporation with its partners at Williamson County, the City of Taylor and the Office of the Governor are beaming with pride to bring this important Advanced Chip Manufacturing facility to the City of Taylor, Williamson County, the Austin MSA, State of Texas and the United States of America.”
View more information about Samsung Austin Semiconductor, LLC.
Members of the Bowie City Council will see a design presentation on the Nelson Street Bridge project at its 6 p.m. June 12 meeting.
Mike Tibbets with Hayter Engineering will meet with the council to review the design that would make repairs to the closed section of Nelson Street.
The block of Nelson Street at Kiwanis Park and Mill was closed on Aug. 21, 2022 after a section on the north side of the road failed and collapsed. This area along Nelson, Lamb and Rock have experienced ongoing drainage problems for many years.
City crews have undertaken significant work in the Kiwanis Park and Lamb Street area to slow the flow of water, but major work is needed to replace the large culverts that go under the street at Nelson and nearby drop boxes, as downstream at Rock and Pillar.
Hayter has estimated the Nelson Street repairs and the connecting work on Mill would run around $2 million. However, Public Works Director Stony Lowrance had told the council if they make repairs at Nelson that will only push more water down the channel and possibly blow out the culverts that need replacing at Rock and Pillar. Adding those repairs could add another million or more to the project.
The council will consider not only the Nelson Street repair, but alternate bids for Pillar and Rock. City Manager Bert Cunningham has said the city has funds to pay for the Nelson and Mill work if it is around $2 million, but any additional work may require borrowing money or using reserves, which he emphasized they do not want to reduce by too much in order to protect overall general operational costs.
Other topics
In the city manager’s report, Bert Cunningham will report on the electric grant application he has been preparing. He said the city’s substation needs some improvements, especially a new transformer, and he is pursuing all avenues to help find funding for the substation work.
In new business, the Montague County Tax Appraisal District has submitted its 2024 budget for council action.
An ordinance amendment for the mobile food vendors ordinance will be reviewed, along with a recommendation for a new member to the park’s board.
Public comments wrap up the agenda along with the consent topics.
The World’s Largest Bowie Knife was a stop on the North Texas Travel Information Centers’ Blitz hosted by the Texas Lakes Trail Region on Friday morning. Bowie Mayor Gaylynn Burris welcomed the group to the city. The tour included representatives from Grapevine, Granbury, Cedar Hill, Glen Rose, Lewisville, Weatherford, Denison, Dallas and Waxahachie. Cindy Roller, executive director for Bowie Community Development, which is a member of the region, also took part. The Blitz visited Grapevine, Bowie, Wichita Falls, Gainesville and Denison all in one day. (Photo by Barbara Green)
The Montague County Commissioner’s Court is expected to begin its budget preparations with a workshop set on the 9 a.m. June 12 agenda.
With preliminary values recently released the court can begin considering elected and department officials’ budget requests, along with any new improvements or projects being considered for the new year’s budget.
Certified values will not be available until early July at which point the court can establish a proposed tax rate. The preliminary values, which usually fluctuate when the certified values are set, were up by $171,233,923 above the 2022 certifieds. Based on the 2022 tax rate of .5036 cents per $100 in property value the county could see additional revenue of $862,334.04.
In other financial items, the 2023 Montague County Tax Appraisal District budget will be presented for court approval.
Commissioners will consider the sheriff’s office request to purchase an incinerator and propane tank.
Read the full story in the weekend Bowie News.
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