Leaders at the Samsung Austin Semiconductor plant in Taylor announced $22.8 million to fund local partners and programs on Oct. 15 at the Made in Texas: Boundless Opportunity event.
The money will help create Samsung's new community engagement program called Spark!, expand workforce development partnerships, launch a new industrial trades training program and expand the paid internship program with Taylor ISD.
The breakdown: Samsung's $22.8 million investment will contribute:
$10 million for 14 local organizations through the Spark! program
$700,000 in annual donations to local organizations
$2.66 million for the 2026 5-Star Workforce Development partnerships
$7.98 million toward three-year extensions for the 5-Star Workforce Development partnerships
$1.5 million for the new STEP program
"As I look around the room and look at all these amazing young people, I believe that Samsung's greatest economic impact will be what each of these young people will do to change the world, their future, and Samsung," Senior Director of Communications Michele Glaze said Oct. 15.