January, 2011 Archives


2010 Economic Development Deal of the Year Awards

Gold Award With a $3.6-billion expansion of Samsung’s semiconductor fabrication facility in Austin, TX, the capital of the Lone Star State has put everyone on notice that it intends to remain the top U.S. hub in the burgeoning microchip sector. Project Title: Samsung Austin Semiconductor Expansion Entered By: Greater Austin Chamber of Commerce Our blue-ribbon panel of industry experts had to make some tough choices when assessing the nominees for Business Facilities’ 2010 Economic Development Deal of the Year Awards. This year’s competition—our largest field of contestants to date—featured 24 top-flight projects from 20 states. A bevy of major high-tech initiatives went head-to-head with locations enjoying a robust resurgence in traditional manufacturing, including the largest single investment in steel production in years. The judges have spoken: this year’s top honors go to Greater Austin Chamber of Commerce, Regional Economic Development, Inc. of Missouri and Louisiana Economic Development. The $3.6-billion expansion of Samsung Austin Semiconductor (SAS) in Texas has been selected as our 2010 Economic Development Deal of the Year Gold Award winner. The semiconductor fabrication plant project was submitted by Greater Austin Chamber of Commerce, which also credited the Governor’s Office of Economic Development and Tourism and the City of Austin for their help in sealing the deal. SAS announced in June plans to expand its 12-inch semiconductor fabrication plant in Austin. The project is expected to create up to 7,600 direct and indirect jobs for the Austin Metro Area. The new investment in the Austin fab builds on $5.6 billion the Korean tech giant has previously committed to the SAS facility over the past 14 years, bringing the total investment to approximately $9.2 billion. The company said it would increase employment at the plant from 1,000 to 1,600 by 2011, with annual payroll rising from $70 million to $112 million during the same period. Annual operations at SAS currently inject more than $800 million into the area economy annually; when ripple effects are included, SAS is responsible for more than $1.4 billion each year in local economic activity and $296 million in total worker earnings. Employment at SAS represents more than 13 percent of the Austin, TX area’s technology production base. Almost 3,000 construction workers will be employed in the $633-million build-out of the fab expansion. The expanded semiconductor fab will produced 45-nanometer and below microchips for Samsung’s System LSI business. The plant currently produces a variety of NAND Flash memory chips. “Forty-five nanometer and below advanced logic applications are in high demand and respective markets are expected to […]


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Privacy Policy

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