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The Samsung semiconductor plant in Taylor will receive $250 million from a Texas Semiconductor Innovation Fund grant, Gov. Greg Abbott’s office announced Sept. 17.
About the program: The TSIF is a part of the Texas Creating Helpful Incentives to Produce Semiconductors and Science Act, which Abbott signed into law in 2023.
The TSIF grant furthers the incentive program that aims to bring more semiconductor-related businesses to Texas, as well as support existing semiconductor manufacturers, like Samsung.
The history: Samsung announced its plans to build a semiconductor plant in Taylor in 2021.
A $45 billion project, it is the largest foreign direct investment in Texas on record, according to the Sept. 17 news release. The project includes two new fabrication plants, a new research and development fab, and a new advanced packaging facility on a 1,268-acre site, according to previous Community Impact coverage.
What's next: Samsung's Taylor plant expects to be fully operational by 2026, according to previous Community Impact reporting.
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