The overview
As South Korea-based Samsung Electronics is reportedly planning to cut 30% of jobs throughout its global divisions, the company is also withdrawing some workers from its semiconductor plant in Taylor.
“Our Samsung colleagues dispatched from [South] Korea do so on a short-term assignment,” a Samsung spokespersons said in a statement. “This is a normal part of our operations as we rotate people based upon the need and phase of construction or operations. While we appreciated their support, it was time for them to transition back home.”
Construction on the Taylor fabrication plant is still underway, according to the representative, and is expected to be fully operational in 2026. The site is part of Samsung’s effort to meet the increasing demand for semiconductor chips, as the company is expected to invest more than $45 billion into the Central Texas region after receiving $6.4 billion in direct funding from the U.S. Department of Commerce in May.
What else?
The region has seen a rise in Samsung suppliers move to the area this year, including companies like iMarket America Inc., which announced in February plans to establish its U.S. headquarters in Round Rock. The maintenance, repair and operations company, which also provides industrial material distribution, has primarily served Samsung.
A variety of other businesses tied to South Korea have opened up or made investments in the area this year. Officials with Williamson County have taken trips to visit commerce leaders in South Korea, and, most recently, a group of South Korean ambassadors visited the county to discuss future growth.
