x
Breaking News
More () »

Report: Samsung could be planning to expand in the Austin area

Documents reportedly filed with both the Taylor and Manor school districts indicate Samsung is seeking additional tax breaks.

AUSTIN, Texas — Samsung Electronics Co. Ltd. could be looking to expand even further in the Austin area.

According to a report from the Austin Business Journal (ABJ), Samsung may build even more in Central Texas, possibly bringing billions more dollars and hundreds more jobs to the Austin area. Last year, Samsung pledged to build a $17 billion fabrication plant in Taylor,  and the company has had a presence in North Austin for decades.

The ABJ reports that documents filed on Saturday with both the Taylor and Manor school districts indicate Samsung is seeking additional Chapter 313 incentives, which provide tax breaks to large factories. The report says trustees for each school district are scheduled to separately discuss the applications on Tuesday.

"While we do not have specific plans to build at this time, the Chapter 313 application process is part of our long-term planning to evaluate the viability of potentially building additional fabrication plants in the U.S.," Michele Glaze, director of communications at Samsung Austin Semiconductor LLC, told the ABJ.

The meeting agendas for Taylor ISD and Manor ISD do not contain specifics on the scope of any possible expansion, but both school boards are set to consider multiple agreements with Samsung Austin Semiconductor LLC.

To learn more, read the ABJ's full report.

KVUE on social media: Facebook | Twitter | Instagram | YouTube

Britny Eubank on social media: Twitter

PEOPLE ARE ALSO READING:

Austin-area cyclist charged with murder in fellow cycling star's death in East Austin

Police investigating deadly shooting in northeast Austin

1 dead, 4 injured in head-on crash in southeast Austin

How investigators solved the gruesome murder of Georgetown business owner Harvey Huber

Before You Leave, Check This Out