Taylor, a small town of about 17,000 northeast of Austin, is poised to become a player in the global high-tech industry after Samsung picked it as the location for the company’s planned $17 billion advanced semiconductor factory. The company is expected to build on more than 1,000 acres southwest of downtown Taylor, near U.S. 79 and County Road 401. Samsung expects to invest $6 billion in buildings and property improvements and $11 billion in machinery and equipment for the facility, which is expected to be operational by 2024 and employ more than 2,000 people. Construction is expected to start early next year.
Full Article here: Samsung chooses Taylor for $17B chip plant
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