About 2,300 work at complex
after 2005 when it built its major factory here, called the Main Fab.
With the latest project to be completed in 2013, that investment is expected to climb to $15 billion. Samsung’s Central Texas investment is one of the largest private foreign investments in U.S. history.
The semiconductor company employs about 2,500 workers in Central Texas, of whom about 2,300 work in the factory complex.
The primary purpose of the new investment is to expand the Austin factory’s capacity to manufacture advanced lowpower processor chips for mobile devices including smartphones and tablets. The major customers for those chips are Apple Inc. and Samsung itself, tech industry analysts say.
While the company will save a lot in school taxes, it also will pay a lot. The consultant’s report estimates Samsung will pay the school district $66.2 million in property taxes related to the expansion project over the next 15 years.
Samsung spokeswoman Catherine Morse called the agreement “a winwin” for both the company and the school district.
Mike Rollins, president of the Greater Austin Chamber of Commerce, said the deal is a good one for Austin.
“We are very pleased that Samsung has shown the confidence to make such a significant investment in their semiconductor operations here,” he said. “We believe it is good for Austin and for Austin jobs. And it is a win-win for Samsung and the Manor school district because it provides additional tax base.”