During a press conference with Gov. Greg Abbott last November, Samsung Electronics Co. Ltd. announced it would build a $17 billion semiconductor manufacturing plant in Taylor, Texas.
“The single most significant and consequential development for the local economy since the International & Great Northern Railroad laid tracks here in the 1870s.”– Mayor Brandt Rydell, City of Taylor, Texas
A report by The Austin Business Journal this past January, as posted on KXAN, stated the city of Taylor had annexed 1,268-acres that will be the future location of Samsung’s six million square foot manufacturing plant.
To read more from the City of Taylor, visit Taylor, TX – Official Website. Opinions from other regional economic development officials about this ground-breaking development can be found in this Austin Business Journal article.
The manufacturing facility is slated to be fully operational by the end of 2024.