Written by Staff Writer at CNN
Samsung Electronics will create 2,000 new jobs in Texas by opening a $17 billion semiconductor manufacturing facility — the largest in the country, the company said Friday.
The South Korean company will operate the complex at its world headquarters in Austin, Texas, and plans to invest $11 billion by 2021.
The announcement comes days after the Texas governor announced a $1 billion tax break from the state’s legislature in a bid to attract tech companies.
Samsung announced the closing of a final assembly and test facility in the San Francisco Bay Area last month, costing 3,000 jobs.
The South Korean electronics company specializes in making semiconductors for smartphones, computers and cars. They are used in chips that power smartphones and other electronics and are increasingly being utilized in consumer electronics and car navigation systems.
The plant will produce a new class of memory chips with better battery life for smartphones. The arrival of the new memory chips in smartphones, tablets and automobiles is expected to bring greater convenience to users and boost the ability of computers to store more data in a shorter amount of time.
Samsung said the new factory would utilize vertical precision manufacturing technology, a process that reduces materials and cuts costs by eliminating many conventional fabrication steps.