REPORT: Texas Lands $17 Billion Samsung Plant

The state of Texas just pulled off a major coup.

While Joe Biden and his fellow Democrats would have loved for one of their precious blue states to become the new home to a Samsung plant, that honor will now reportedly go to Texas.

On Tuesday, it was announced that Samsung has committed to building its $17 billion chip-making plant in the Lone Star state.

Great News

Texas is one of only a handful of states that continues to thrive during the pandemic.

The state’s economy is about to get another boost as well.

According to reports, Samsung plans to build a massive $17 billion chip-making plant in Taylor, TX.

Taylor, which is just outside of Austin, has a population of about 16,000 people, so this will be a significant boon for the local economy.

Between the jobs provided and the added influx to spending in the area, it will be life-changing for this city.

The new plant is expected to create about 1,800 jobs, but production is not slated to start until 2024.

Taylor offered Samsung massive incentives to build the plant there, including property tax breaks for the first 10 years of up to 92.5 percent.

When asked about the new plant, Samsung denied any firm decision has been made, stating, “A final decision has not yet been made regarding the location,” however, sources close to the situation insist that the deal being announced is a mere formality.

This will be Samsung’s second major imprint in Texas and the second major acquisition for the state in recent months, with Tesla announcing earlier this year that it would be moving some of its operations to Texas.

This also helps solve the problem regarding the lack of production of semiconductors in this country.

Many manufacturers were put in a holding pattern during the pandemic due to supply chain issues, so having this plant located in the United States will help to alleviate concerns on that front.

I am sure Joe Biden will try to take some credit for this one, but this was all the city of Taylor and Governor Abbott doing what had to be done to bring a massive manufacturing plant to the state to provide more jobs for Texans.

Source: Fox Business

Share on facebook
Share on twitter
Share on linkedin

19 Responses

    1. Yes, but should have started sooner. Now we are waiting for that chip from China which is used in cars and phones. Trump would have had this done by now. Good for the Texas Governor. I lived there for over 30 years and it was a good place to retire.

  1. Take everything away from the death mongering democrats they love to rule over everyone. Remove the ss nazie democratic party forever

  2. Good for governor Abbott and Texas! The twin fools biden and harris won’t even come to Texas nor solve the border crisis. Governor Abbott and the good people of Texas not only are bringing new jobs to the state but will solve the border crisis!
    beto needs to move to nyc and stay!

  3. Thumbs up to Gov. Abbot……….Trump had things started to get companies back from overseas….this is just another feather in the caps of the leaders of the Red states. Prayers for our great country.

  4. TS China. Good for Texas as all the other states needs to learn how to do business. I don’t care or believe anything Biden says. Releasing 50 million barrels of oil is only good for two days of making gas. What a moron.

  5. What a fiasco the brandon administration is, DeSantis reeling in the big fish and xiden is doing his best to sink the boat, what a moron!
    This administration SUCKS!!!!!!!!!!!!!!!!!!!
    If they can’t get their way, they do their best to change the laws. Childish behavior from the highest office in the nation is not a good look.
    But, that’s what the brandon administration is, a bunch of children who are constantly getting their WOKE feelings hurt!
    2022 and 2024 cannot come soon enough!
    The idiot and the ho will be out, the idiot will retire to a nursing home and the ho will be back under Willie’s desk!

Comments are closed.

Sign Up for Daily Newsletter

By submitting this form, you are consenting to receive breaking news updates emails from: Breaking News Digest, LLC, 299 Monroe Ave., Suite 2406, Roanoke, TX, 76262, US, https://www.Breaking News You can revoke your consent to receive emails at any time by using the link, found at the bottom of every email. 





Governor @henrymcmaster has declared a state of emergency for South Carolina.

SC residents - look below for resources + tips ahead of #HurricaneIan

Thank you to the 26 states that have answered our call for assistance with #HurricaneIan, specifically @GovernorKayIvey, @GovBillLee and @LouisianaGov.

Florida is grateful.

Load More...