As a companion piece to the post immediately below, "Germany predicts chip investments of up to 50 billion euros in Europe", just to hammer home the fact that this type of big league infrastructure does not come cheap, but that if the investment isn't made, the opportunity will go elsewhere.
(but not to California. you will never again see a fab built in Cali,)
From the Dallas Morning News:
The facility would create 1,800 new jobs with an initial average annual wage of $66,254.
Samsung is seeking a taxpayer-subsidized incentives package worth more than $1 billion to choose Austin for its next big facility — a 7 million square-feet next-generation chip fabrication plant that would be valued at more than $17 billion and create 1,800 jobs, according to documents filed with the state.
Documents made public by the Texas Comptroller’s office on Thursday show that Samsung is seeking tax abatements from Travis County, the city of Austin and the Manor school district. Samsung is also seeking an incentive deal from the state’s Texas Enterprise Fund, according to the documents.
The documents indicate Samsung is seeking a 100% tax abatement over 20 years from Travis County, which would be worth $718.3 million, according to the documents filed with the state. Travis County spokesman Hector Nieto said the county has not received a formal application from Samsung. He declined to comment further....
....MUCH MORE
