Texas
Samsung Electronics Floats Nearly $200 Billion Spend on New Texas Plants in Next Decades
SEOUL—
Samsung Electronics Co.
has floated the prospect of investing practically $200 billion for 11 new chip-making vegetation in Texas over the following twenty years, a mega splurge that if executed would dramatically increase its semiconductor foothold within the U.S.
The South Korean tech large’s proposed spending was divulged in current filings submitted to the Texas Comptroller’s workplace and made public Wednesday. One doubtless motivation is a year-end expiration of a Texas state incentive program providing property tax breaks for 10 years for giant investments.
The filings don’t commit Samsung to take a position. The Suwon, South Korea-based firm doesn’t at present have particular plans to pursue the brand new factories outlined within the filings, a Samsung spokeswoman stated. The spending proposals replicate the corporate’s long-term planning course of to judge the viability of additional U.S. enlargement, she added.
Samsung’s probably eye-popping spending comes as U.S. lawmakers weigh greater than $50 billion in subsidies to spice up American-based chip manufacturing and analysis. Particulars of the laws must be resolved, although the bipartisan invoice cleared a procedural hurdle on Tuesday. A lot of the world’s chip manufacturing has shifted to Asia in current a long time.
The sluggish progress on the U.S. chip subsidies has prompted some semiconductor giants to stall tens of billions of {dollars} in potential manufacturing unit initiatives.
Intel Corp.
lately stated it will transfer extra cautiously on its manufacturing unit plans with out authorities incentives and delayed a groundbreaking ceremony for a deliberate multibillion-dollar chip manufacturing facility in Ohio.
Samsung at present operates chip-production factories at three places in South Korea, two in Austin, Texas, and two in China. The corporate dominates in reminiscence chips, whereas it harbors huge aspirations for its contract chip-making enterprise.
“All of it boils right down to incentives for Samsung to maneuver an enormous a part of their manufacturing to the U.S., and even throughout the U.S., very particular areas,” stated Wayne Lam, senior director of analysis at CCS Perception, a know-how advisory agency. “Why go to the U.S. after they might do it simply as cheaply and with a prepared workforce in South Korea?”
Final 12 months, Samsung stated it will construct its third Texas-based plant, spending $17 billion for a sophisticated chip-making plant within the metropolis of Taylor, which is situated close to Austin. The corporate has damaged floor on the ability and expects it to grow to be operational by the second half of 2024.
In keeping with the Texas state filings, Samsung might make investments practically $170 billion towards 9 new chip manufacturing services in Taylor and roughly $25 billion in Austin. Samsung submitted the filings in late Might.
If the corporate had been to make the investments, Samsung stated in a number of filings, some manufacturing can be “up and working” by round 2034 on the earliest, with others deliberate to start out manufacturing the next decade.
Texas Gov. Greg Abbott stated in a Wednesday assertion that the totality of Samsung’s investments would deliver billions of {dollars} in extra capital, serving to solidify the state as “the nation’s chief within the semiconductor trade.”
It isn’t clear how a lot, if any, of Samsung’s proposed spending would come from a beforehand introduced funding plan over the following 5 years of about 450 trillion received, equal to about $343 billion. That pool of funds encompasses the whole Samsung conglomerate, together with chips but in addition biopharmaceuticals and different next-generation applied sciences.
A Samsung spokeswoman declined to touch upon the supply and different particulars of the proposed Texas investments.
Different chip makers, together with Netherlands-based
NXP Semiconductors N.V.
and U.S.-based
Texas Devices Inc.,
have filed Chapter 313 purposes with the Texas Comptroller’s workplace, in keeping with the Texas state filings.
The Chapter 313 tax program in Texas permits public college districts within the state to supply property tax breaks for 10 years to companies in alternate for native job creation. However this system is about to finish Dec. 31.
NXP stated in an utility submitted in Might that it might make investments greater than $1 billion in Texas by investing in present buildings or setting up new ones. Texas Devices stated in a submitting made final 12 months that it deliberate to take a position an estimated $6.5 billion over 25 years in one in all 4 new deliberate chip-making services within the metropolis of Sherman.
Write to Jiyoung Sohn at jiyoung.sohn@wsj.com
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DALLAS – Saturday marks the opening weekend for the State Fair of Texas. 2.5 million people are expected to attend over the next few weeks.
From food to rides, the fair has all kinds of new things this year.
It’s a well-oiled machine for Pizza By the Giant Slice owner Tom Grace.
“We’ve been doing this for 35 years at the State Fair of Texas,” Grace said. “We have six locations we operate out here every year.”
Grace’s son and about 65 workers keep the dough flying and customers happy.
“The State Fair of Texas breeds crazy thoughts and crazy ideas of food. People love to come out here and take pictures with the food they’re getting every year,” Grace said.
The new crazy food idea for Grace this year is Oktoberfest pizza.
“We start off with this base sauce of Alfredo, which is spicy mustard infused. It’s a nice little bite and not too much for those folks who may fear that spicy mustard, and then we have some German sausage, sliced thin like a pepperoni. We’ll put some peppers and potatoes on it,” Grace said.
The Oktoberfest pizza is topped with sauerkraut. For $15, you’ll get a huge slice.
“What we have here at our Gulf Coast Grill on Cotton Bowl Plaza is caramel macchiato fritters,” owner Clint Probst said.
The fritters are one staple bringing in the dough for Probst.
“If we have a really, really good fair and have a fried food winner, this is a semi-finalist not a winner, but if we have a fried food winner you could almost make doctor or dentist money out of just working the fair,” Probst said.
Rides are another big attraction at the fair.
“Oh man! We just did a ton of rides! I think a few more rides are coming up, maybe a few games, and a visit to Big Tex,” fair attendee Tyler Deakins said.
This is the third year the Deakins family has gone to the fair, including five-year-old Emma, who knows what her favorite ride is.
“Yes, the crazy mouth one. Whoo!” Emma Deakins said.
The State Fair of Texas includes 73 rides on the Midway, according to Senior Vice President of Operations Rusty Fitzgerald.
“We have kiddie rides for kids, we have the family-type rides, and then we have one of the more extreme rides, so you can pick your poison on that one,” Fitzgerald said.
One of the new, extreme rides is the Hip Hop, which CBS News Texas reporter Dawn White went on with Fitzgerald.
“If you’ve got a little bit of skill, and you really want to have fun and be a little wild, this is the ride to do it,” Fitzgerald said.
You still have time to have fun on the rides or 70 games. The fair continues through Oct. 20. It also features more than 200 vendor locations.
Texas quarterback Quinn Ewers is not expected to play in the Longhorns’ SEC debut game against Mississippi State on Saturday as he recovers from an abdominal injury, ESPN’s Pete Thamel revealed.
Arch Manning will make his second career start for No. 1 Texas against the Bulldogs today.
Ewers was listed as questionable on the Texas football availability report, indicating that he had a 50 percent chance to play in the game, according to the SEC’s terminology.
But the expectation is that Texas will allow Ewers this week and the team’s open weekend coming up before the Oklahoma game on Oct. 12 to fully recover from the ailment.
Ewers sustained the injury in the second quarter of the Longhorns’ victory against UTSA on Sept. 14, retiring to the sideline and then the locker room for evaluation before returning to the sideline wearing street clothes.
Ewers was able to practice with the team on Tuesday, but was limited by coaches on Wednesday and then again on Thursday, as the team placed more emphasis on giving him rest.
Manning played in relief of Ewers in the UTSA game, and made his first career start the following week with Ewers sidelined, leading Texas to a win over UL Monroe.
Ewers has dealt with some nagging injuries during his collegiate career, missing time briefly in the 2022 and 2023 seasons before the abdominal issue this year.
In three games this season, Ewers has completed 73.4 percent of his passes for 691 yards and eight touchdowns.
More … Texas vs. Mississippi State score prediction by expert football model
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Below you’ll find the top performances in rushing, receiving and passing from Dallas-area Texas high school football players in Week 5.
Rushing
Player, School, Yards
Allijah Harrison, Carrollton Newman Smith, 296
Greg Ard, McKinney North, 291
Christian Rhodes, Lake Highlands, 216
Jermirion Robertson, Lincoln, 214
Deondrae Riden Jr, DeSoto, 206
Ryder Grajo, Frisco Independence, 203
JT Harris, Euless Trinity, 201
Damarion Boozer, Carter, 194
Adarion Nettles, Mansfield Summit, 186
Keyzaylan Ware, Samuell, 176
Legend Bey, North Forney, 176
Tenel Hill, Lewisville, 166
Receiving
Player, School, Yards
Brock Boyd, Southlake Carroll, 213
Xavier Johnson, Richland, 208
Carlton Mims, Little Elm, 196
Dilon Tallie, Arlington Bowie, 177
Jordan Mosley, Princeton, 174
Blake Bates, Richardson Pearce, 164
Jett Hamby, Richardson Pearce, 163
Will Krzysiak, Argyle, 155
Ayson Theus, Duncanville, 153
Ja’Quavius Pipkin, Lancaster, 150
Jayden Beasley, Prosper, 143
Julius Spencer, Garland Lakeview Centennial, 141
Passing
Player, School, Yards
Keelon Russell, Duncanville, 474
Presley Harper, Richardson Pearce, 422
Drew Kates, Richland, 398
Marcus Flowers, Princeton, 389
Maguire Gasperson, Argyle, 387
Christian Hampton, North Garland, 364
Chris Jimerson Jr., North Crowley, 342
Grant Bizjack, Trophy Club Byron Nelson, 335
Brent Rickert, Rockwall, 321
Howard Fisher IV, Wylie East, 319
Edward Griffin, Coppell, 305
Jerry Meyer III, Waxahachie, 298
Find more high school sports coverage from The Dallas Morning News here.
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