Samsung Networks America, Inc.
Economic Impact Report of Samsung Austin Semiconductor
Pages
28
Time to read
27 mins
Publication
Language
English
Pages
28
Time to read
27 mins
Publication
Language
English
This report is an economic impact analysis conducted by Impact DataSource, LLC, focusing on the effects of Samsung Austin Semiconductor, LLC's campuses on the Central Texas economy during 2023. The analysis aims to quantify the economic contributions made by Samsung's Austin and Taylor campuses, which include two fabrication plants and one under construction. The report details the economic output generated, employment supported, and revenues produced for local taxing districts. In 2023, the campuses contributed approximately $26.8 billion to the local economy and supported over 38,000 jobs, with significant payroll impacts. The report outlines the economic output, direct and indirect jobs, and salaries associated with the operations and construction activities at both campuses. It also provides a breakdown of local expenditures, including utility payments and taxable spending by employees and visitors. The findings highlight the substantial role of Samsung in driving economic growth in the Central Texas area.