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Samsung Electronics exec: The investments that last build more than factories

Samsung is preparing to open a new advanced semiconductor plant in Taylor, Texas, its largest-ever U.S. investment, but the article argues its value lies in what is built around it. Samsung has made semiconductors in Central Texas for nearly 30 years, and Taylor draws on the workforce, know-how and supplier relationships built up in Austin. Samsung says it has invested more than $100 billion in the U.S. over nearly five decades, and its U.S. facilities generate over $40 billion in economic impact and support more than 175,000 jobs. Its Newberry, South Carolina appliance plant, opened in 2017, has generated over $900 million in regional economic impact. The Solve for Tomorrow program is one example, with Newberry High School students building a pollinator garden and composting system to address a local sustainability challenge.

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