Governor Abbott Meets With Samsung Executives To Discuss Billions Invested In Texas

~ Austin, Texas- Governor Greg Abbott welcomed Samsung Electronics, Co., Ltd. ("Samsung") President and CEO Kye Hyun Kyung and other executives to the Governor's Mansion yesterday to celebrate the company's continued partnership with Texas. The meeting was held to commemorate Samsung's investment of over $40 billion in the state, which is expected to support the expansion of cutting-edge facilities in Central Texas.

During the meeting, Governor Abbott expressed his pride in Samsung's initial investment of $17 billion in a semiconductor manufacturing facility in Taylor just two years ago. He also highlighted the company's plans to expand this facility and add a second chip-manufacturing fab, an advanced packaging facility, and a research and development center. This expansion will more than double Samsung's initial investment in Taylor and establish a world-class semiconductor hub.

Governor Abbott stated, "We are now building on that initial investment to make Texas the premier semiconductor hub in America. Samsung's investment of over $40 billion will help cement Texas' position as the No. 1 state for semiconductors, bringing in more business investment to Texas communities and creating thousands of good-paying jobs in our great state."

More on
The Governor was joined at the meeting by Corporate President and Head of Foundry Business Siyoung Choi, Corporate President and Head of Global Public Affairs Office Won Kyong Kim, and Corporate Vice President and Head of Global Public Affairs team Hyouk Woo Kwon.

During their discussions, Governor Abbott emphasized the strong partnership between Texas and Samsung and reaffirmed the state's commitment to help Samsung make Texas the semiconductor hub in America. The Samsung executives expressed their gratitude for Governor Abbott's continued support and for signing the Texas CHIPS Act into law last year.

The meeting also focused on Texas' robust workforce, with the Samsung executives acknowledging that their success is partly due to the talented workforce in Texas.

Governor Abbott recently announced the inaugural members of the Texas Semiconductor Innovation Consortium Executive Committee (TSIC EC), which was established under House Bill 5174 and operates within the new Texas CHIPS Office in the Governor's Economic Development & Tourism Office. The TSIC EC will work with industry stakeholders to ensure Texas remains a national leader in advanced semiconductor research, design, and manufacturing.

With Samsung's continued investment and the state's commitment to supporting the semiconductor industry, Texas is well on its way to becoming the premier semiconductor hub in America. The future looks bright for microchips made in Texas.

Filed Under: Government, State

Show All News | Report Violation


Latest on