Samsung apparently plans to build 11 chip factories in Austin, Texas

• Samsung could invest almost $200 billion in a massive chip manufacturing project in Austin, Texas.
• The phone maker seems to be planning to build 11 semiconductor chip factories in the area.
• The plan is expected to create over 10,000 jobs if it fulfills the entire project.

Over the past few months, the company has invested a lot in Texas. The tech giant is in the process of building 11 more chip plants in Austin City after it unveiled its plans to build a $17 billion Semiconductor Factory in Taylor.

If the entire project is fulfilled, the plan could lead to an investment of nearly $200 billion over 20 years. Over 10,000 jobs could be created in Austin by the plan.

If all of the applications are approved, the tax breaks for the construction of the chip factories could be worth $4.8 billion.

According to reports, two factories will be built in the Austin area, which could create up to 1800 jobs. There is a potential investment of about $168.6 billion for the rest of the plants. Around 8200 people could be employed by those projects.

RECOMMENDED VIDEOS FOR YOU...

The first of the sites will be operational in 2034, while two of the plants will not be up and running until 2042.

TSMC's manufacturing process is used to build the chips that power many of the best phones on the market. TSMC is increasing its investments in the US. The Taiwanese chip giant raised $3.5 billion in bonds for a new plant in Arizona.

There is a chance that not all of the proposed chip factories will be built. It's possible that the company could modify or build plants somewhere else if some of its applications are scrapped.