{"id":921,"date":"2023-10-12T13:00:27","date_gmt":"2023-10-12T13:00:27","guid":{"rendered":"http:\/\/www.appsvite.com\/?p=921"},"modified":"2025-05-01T20:13:55","modified_gmt":"2025-05-01T20:13:55","slug":"samsung-austin-semiconductors-2022-economic-impact-report","status":"publish","type":"post","link":"http:\/\/www.appsvite.com\/index.php\/2023\/10\/12\/samsung-austin-semiconductors-2022-economic-impact-report\/","title":{"rendered":"Samsung Austin Semiconductor\u2019s 2022 Economic Impact Report"},"content":{"rendered":"<p style=\"text-align: left\"><a href=\"https:\/\/semiconductor.samsung.com\/us\/sas\/\" target=\"_blank\" rel=\"noopener\">Samsung Austin Semiconductor<\/a>, a world leader in advanced semiconductor technology, today released its 2022 Economic Impact Report\u2014a comprehensive report that outlines the substantial economic contribution and impact generated through operations of the Austin fab and the construction of the new manufacturing facility in Taylor to the Central Texas economy.<\/p>\n<p style=\"text-align: left\">The 2022 Economic Impact Report provides a detailed overview of Samsung Austin Semiconductor\u2019s economic impact and its substantial investments to construct the $17 billion Taylor facility and in workforce development, critical partnerships and the local Austin and Taylor communities\u2014reaffirming the company\u2019s commitment to being a trusted and proven corporate partner in the communities in which it serves.<\/p>\n<div id=\"attachment_64163\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" aria-describedby=\"caption-attachment-64163\" class=\"size-full wp-image-64163\" src=\"http:\/\/www.appsvite.com\/wp-content\/uploads\/2023\/10\/TaylorConstruction_July2023_1200x630.jpg\" alt=\"taylor-construction-site-april-2022\" width=\"1200\" height=\"630\" \/><\/p>\n<p id=\"caption-attachment-64163\" class=\"wp-caption-text\">Taylor construction site in April 2022<\/p>\n<\/div>\n<p>Key findings from the report include:<\/p>\n<ul>\n<li><strong>Economic Growth:<\/strong> In 2022, Samsung\u2019s Austin manufacturing site along with the Taylor construction site injected $13.6 billion into the local economy \u2013 more than double compared to $6.3 billion in 2021. The regional impact of the Taylor project alone is expected to be over $42 billion across Central Texas.<\/li>\n<li><strong>Direct and Indirect Employment:<\/strong> Samsung Austin Semiconductor supported the creation of 4,500 direct, and an additional 9,935 indirect, jobs in Austin and 4,600 in Taylor.<\/li>\n<li><strong>Education and Workforce Readiness Partnerships:<\/strong> Samsung Austin Semiconductor remains dedicated to expanding advanced manufacturing opportunities and STEM programs. The report details the investments made in critical partnerships in 2022, which have been built upon in 2023 with the recent announcement of $1 million plus donations to the <a href=\"https:\/\/news.samsung.com\/us\/samsung-electronics-commits-3-7-million-dollars-ut-austin-bolster-semiconductor-ecosystem-central-texas\/\" target=\"_blank\" rel=\"noopener\">University of Texas at Austin\u2019s Cockrell School of Engineering<\/a>, <a href=\"https:\/\/grainger.illinois.edu\/news\/stories\/59213\" target=\"_blank\" rel=\"noopener\">University of Illinois at Urbana Champaign\u2019s Grainger College of Engineering<\/a> and <a href=\"https:\/\/engineering.tamu.edu\/news\/2023\/09\/samsung-austin-semiconductor-invests-1m-to-bolster-semiconductor-ecosystem-at-texas-am-university.html#:~:text=Samsung%20Austin%20Semiconductor%20is%20partnering,5%2DStar%20Workforce%20Development%20plan.\" target=\"_blank\" rel=\"noopener\">Texas A&amp;M University\u2019s College of Engineering<\/a>.<\/li>\n<li><strong>Community Giving:<\/strong> Building on its commitment to charitable giving and partnerships, Samsung Austin Semiconductor donated more than $1.5 million, benefiting over 50 local organizations. Building upon these efforts, in 2023, SAS donated $3.2 million to 76 area community organizations as part of its Samsung Gives initiative.<\/li>\n<li><strong>Sustainability:<\/strong> Samsung Austin Semiconductor remains committed to being a responsible corporate partner. In 2022, it reached the Zero Waste to Landfill Gold Level validation for recycling or reusing 97% of waste.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/semiconductor.samsung.com\/us\/sas\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-64166\" src=\"http:\/\/www.appsvite.com\/wp-content\/uploads\/2023\/10\/SocialImpatReportInfogfx2022.png\" alt=\"samsung-austin-semiconductor-community-contributions-by-the-numbers\" width=\"6600\" height=\"5100\" \/><\/a>\u201cIn 2022, the <a href=\"https:\/\/semiconductor.samsung.com\/us\/sas\/\" target=\"_blank\" rel=\"noopener\">Samsung Austin Semiconductor<\/a> campus on Parmer Lane\u00a0and construction at the $17 billion Taylor facility injected $13.6.3 billion into\u00a0the\u00a0Central Texas\u00a0economy while supporting\u00a0over $1 billion\u00a0in workers\u2019 salaries,\u201d said Jon Taylor, corporate vice president of Fab Engineering. \u201cWhile many folks may think we make TVs, we actually make the \u2018chips\u2019 that power mobile devices, tablets, cars and other devices all of us use daily. These chips start out as raw silicon wafers and are transformed into integrated circuits \u2013 or chips \u2013 as we like to call them. Leading this critical work\u00a0and the construction that will expand our Texas footprint\u00a0is the dedicated team of more than\u00a04,500 direct employees, 12,000 indirect staff such as partners, vendors and contractors, and 4,600 construction workers. Our robust employee and supplier base make <a href=\"https:\/\/semiconductor.samsung.com\/us\/sas\/\" target=\"_blank\" rel=\"noopener\">Samsung Austin Semiconductor<\/a> one of the largest technology employers in the region.&#8221;<\/p>\n<p>To read the complete 2022 Economic Impact Report, <a href=\"https:\/\/download.semiconductor.samsung.com\/resources\/others\/samsung_austin_semiconductor_austin_taylor_2022_economic_impact_report.pdf\">click here.<\/a><\/p>\n<p>To learn more about Samsung Austin Semiconductor, visit\u00a0<a href=\"https:\/\/semiconductor.samsung.com\/us\/sas\/\" target=\"_blank\" rel=\"noopener\">semiconductor.samsung.com\/us\/sas<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Austin Semiconductor, a world leader in advanced semiconductor technology, today released its 2022 Economic Impact Report\u2014a comprehensive ...<\/p>","protected":false},"author":1,"featured_media":923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/posts\/921"}],"collection":[{"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/comments?post=921"}],"version-history":[{"count":3,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/posts\/921\/revisions"}],"predecessor-version":[{"id":928,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/posts\/921\/revisions\/928"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/media\/923"}],"wp:attachment":[{"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/media?parent=921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/categories?post=921"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.appsvite.com\/index.php\/wp-json\/wp\/v2\/tags?post=921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}