Samsung offered tax rebates for 30 years to build $17bn chip plant in Texas
- Reference: 1631056809
- News link: https://www.theregister.co.uk/2021/09/07/samsung_intel_chip_fab/
- Source link:
Samsung is shopping around for plots to expand its chip manufacturing presence on US soil, and is considering spots in Texas, Arizona, and New York, we’re told. Officials representing Williamson County and its city of Taylor in the US state published an outline of their [1]proposal [PDF] to Samsung ahead of a scheduled meeting with representatives from the chaebol on September 8.
The city offered to pay a series of grants, covering the costs of 92.5 per cent of property taxes for the first ten years, 90 per cent over the following ten years, and 85 per cent over the next ten years after. All in all, Samsung would receive tax subsidies over 30 years if it chooses to build a plant in Taylor. The move is expected to bring in 1,800 jobs within seven years of ground being broken.
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“Taylor is an incredible place, a fact that is being increasingly recognized by people and businesses far and wide,” Mayor Brandt Rydell told The Register .
[3]
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“We welcome businesses that are good corporate citizens, community-oriented, and committed to offering good jobs and still better opportunity. The City of Taylor is honored to be considered for this critical project and, if selected, we look forward to a long-term relationship benefiting the company and our community for generations to come.”
[5]Taiwan and Arizona economic groups agree to bring more chip industry to desert state
[6]Samsung testing memory with built-in processing for AI-centric servers
[7]Google is designing its own Arm-based processors for 2023 Chromebooks – report
[8]Et tu, Samsung? Electronics giant accused of quietly switching SSD components
Speaking of semiconductor makers... Intel CEO Pat Gelsinger [9]said on Tuesday that his processor giant is willing to spend as much as $95bn on chip factories in Europe. Specifically, two facilities may be built at a site on the continent, he said.
The potential site up for grabs is a little over 1,187 acres and located southwest of downtown Taylor off state highway 79. Samsung already has a campus in Austin, also within Williamson County, Texas. Its chip plant had to [10]temporarily shut down in February this year when the state’s main energy grid suffered a power outage due o a severe winter storm.
“No decision has been made by Samsung on a site for a potential expansion,” a spokesperson for Samsung told The Register .
“All sites are under consideration and each community is performing the appropriate due diligence to put themselves in the best position for this opportunity. The actions by Williamson County and City of Taylor are part of their due diligence.” ®
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[1] https://www.ci.taylor.tx.us/ArchiveCenter/ViewFile/Item/3201
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YTg1fHwwlKkJBIhczPbytAAAAEc&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YTg1fHwwlKkJBIhczPbytAAAAEc&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YTg1fHwwlKkJBIhczPbytAAAAEc&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[5] https://www.theregister.com/2021/08/25/taiwan_and_arizona_economic_groups/
[6] https://www.theregister.com/2021/08/25/samsung_hbm_pim_axdimms/
[7] https://www.theregister.com/2021/09/02/google_chromebook_chips/
[8] https://www.theregister.com/2021/08/28/samsung_storage_components/
[9] https://www.wsj.com/articles/intel-plans-investment-of-up-to-95-billion-in-european-chip-making-amid-u-s-expansion-11631027400?mod=djemalertNEWS
[10] https://www.theregister.com/2021/02/17/texas_blackouts_semiconductor_fabs/
[11] https://whitepapers.theregister.com/
Abbott and Walker, two of a kind.
Abbott, he of election fraud conspiracies and the heart beat bill, would rather encourage endless tax breaks for business instead of doing anything to protect Texans. He is not protecting the victims of rape and incest. He is not protecting the right to vote unless you are white and wealthy. He is not protecting the state from climate change which is evidenced by all the Texans that died during the latest freeze. Oh, but he is sending his minions to the border to protect the Lone Star from the hordes of asylum seekers that his business buddies will hire in a heartbeat for $1 and hour. Samsung ought to be smarter than this and find a state where water and power are not an issue, and where it's high-tech workers will feel comfortable even if they are not white. Former Gov. Scott Walker did the same stuff in Wisconsin, and now he is just a pundit, but he did manage to build that huge plant by Foxconn, not!
Re: Abbott and Walker, two of a kind.
Abbott and friends hate the federal government, with its penchant for legislating and taking control away from the locals (they say). Thus it was interesting that Abbott and friends, to get back at blue-dot Austin for some transgression or another, legislated at the state level, rules about which trees could be cut down, to preempt Austin's own tree-loving tree-hugging rules.
And of course lately mandating wrong-course rules all through the pandemic, killing Texans.
He and they scream loudly about what the feds might do, then do worse. That's conservatism in America today.
Equal and equalest
One set of rules for the pleb, another set for Samsung.