Texas will become the “hometown of semiconductors” as Samsung & Tesla moves in

The Governor of Texas, Greg Abbott announced yesterday that the state will become a “concentration of semiconductor manufacturing in the future” when there is a shortage of chips. The governor made this statement in a recent interview with newsmen.

Greg Abbott, Texas Governor
Greg Abbott, Governor of Texas

The Republican governor said in the interview: “In the past one or two decades, the United States has made a mistake by outsourcing the production of all necessities, including semiconductors and urgently needed medical supplies. We should not rely on other countries to meet our basic needs. This is also the reason why Texas is leading the trend. Being the home of semiconductors, we can meet people’s daily needs. Everything from electronic devices to the production of automobiles is inseparable from semiconductors”. Recently, Texas has also moved in this direction in action, absorbing many corporate investments and settlements.

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Tesla and Samsung set to move into Texas

Last month Samsung announced that it would build a $17 billion semiconductor factory in Taylor, Texas. Abbott said at a press conference that this is “the largest foreign direct investment in Texas’ history”. Kinam Kim, vice president, and chief executive officer of Samsung’s electronic device solutions division, predicts that if the Taylor plant is fully operational, it is expected to directly create more than 2,000 high-tech jobs and create thousands of related jobs.

In addition, Tesla recently announced that it will move its headquarters in California, USA, to the new super factory in Austin, Texas. Tesla will spend more than $1 billion to build its manufacturing base in Austin. According to the company, it hopes to complete the construction of this factory by the end of 2021. Multiple documents submitted to the Texas State Licensing and Regulatory Department provided information on the total cost of Tesla’s new assembly plant. This includes the cost of painting, casting, stamping, and BIW facilities. Tesla submitted documents to the Texas Department of Licensing and Regulatory (TDLR) to open a new factory. The documents show that it plans to complete the assembly, painting, casting, stamping, and construction of the body workshop facilities before December 31 this year.

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Abbott also claims that in the first 11 months of 2021, 70 companies have moved their headquarters to Texas. This means that on average, a new company moves into Texas every five days. Furthermore, Abbott emphasized why companies have successively moved to Texas. He claims that the state is a land full of economic opportunities and innovation. Furthermore, he claims that are no injunctions that violate personal freedom in the state.

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