Texas has emerged as a significant hub for numerous large technology companies, attracting both domestic and international firms that have set up massive operations in the region. This influx of economic activity has led to billions of dollars in revenue. Samsung stands out as one of the prominent players in this landscape; its U.S. chip facilities alone contributed an impressive $19.8 billion to the Texas economy in 2024, despite facing challenges within its semiconductor division.

Samsung has a long history in Texas, with its initial investments dating back to 1996. The company currently operates two campuses in Austin and initiated the construction of a new facility in Taylor in 2022. The operating expenses associated with the Austin campuses have approached $18 billion, underscoring Samsung’s substantial influence on local economic growth.

In its recent 2024 Economic Impact Report, Samsung detailed the contributions from its U.S. chip facilities to Texas. This report, conducted by independent auditors, highlights the economic benefits derived from both current operations and the ongoing development in Taylor. The findings indicate that Samsung’s chip plants generated approximately $19.8 billion, leading to the creation of about 38,498 jobs and $2.6 billion in wages.

The scope of the report includes not only direct operations but also the ripple effects of associated activities, such as visitor spending and payments to local suppliers. Looking ahead, Samsung is planning to invest over $37 billion to expand its operations in Texas. The investment strategy is particularly astute, given the incentives provided by U.S. policies aimed at fostering job creation and economic development.

The construction of the facility in Taylor is expected to require an investment of around $17 billion, which will notably benefit the construction industry and create over 3,500 direct jobs.