About 2,300 work at com­plex

Sam­sung

Austin American-Statesman - - BUSINESS - Con­tin­ued from B Con­tact Kirk Laden­dorf at 445-3622.

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.”

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