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Austin: Reports Surface That City Will Soon Be Home to Samsung’s $17 Billion Chip Plant

Feature Photo: The entrance to Samsung Austin Semiconductor plant off East Parmer Lane. Image: Google Streets.

Posted: 6-8-2021

by Art Benavidez

Austin (Travis County) — The city may soon know it will be home to Samsung’s $17 billion chip plant–recent reports from South Korea claim the company has made a decision.

Reuters, along with various media outlets, reported that the South Korea-based Electronic Times has stated that Austin would be chosen by the company, citing unnamed industry sources.

Construction on the factory could begin in the third quarter of this year and be open by 2024, according to Reuters. 

However, the company is reporting that they have yet to decide between Austin, Phoenix, or upstate New York for their new chip plant.  

Samsung is planning to apply an advanced 5-nanometer extreme ultraviolet lithography chip-making process at the plant.

The Samsung Austin Semiconductor plant is a 300-acre tract of land that fronts onto East Parmer Lane.

In December, VBX reported that the Austin Samsung campus expansion could be imminent after the company received rezoning on two tracts of land totaling 95.70 acres (4,168,692 square feet).

VBX reported in February that the city had approved an ordinance vacating two tracts of right of way that would extend Samsung Boulevard, with the hope that the company would choose the city for expansion.     

VBX Project ID: 2020-8791


art@virtualbx.com

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By |2021-06-08T16:37:23-05:00June 8th, 2021|Construction Preview, Feature Story|

About the Author:

Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.

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