One of Austin’s largest tech employers just bought even more space to grow.
Samsung Austin Semiconductor purchased another 258 more acres of land near its campus off East Parmar Lane, although there are no immediate plans to expand, as first reported by the Austin Business Journal. Samsung Austin purchased the land in late October from the California-based Dynamic Finance Corporation and Prudent Finance LLC in Delaware.
The deed does not disclose how much Samsung Austin paid for the plot. Samsung Austin has requested to re-zone the undeveloped land so a planned development could eventually be built on the site. The request will need to be approved by the Austin City Council, which will consider the matter on December 10.
“While we are not expanding at this time, we are always looking for great talent to join our workforce. We are thrilled to hire GEDs to Ph.D.s, as we are committed to cultivating a great workplace,” Michele Glaze, director of communications and community affairs at Samsung, wrote in an email to Built In. “We are proud to be one of the world’s most advanced manufacturing facilities.”
Samsung Austin Semiconductor, owned by parent Samsung Electronics, first entered Austin in 1996, and designed its campus as a mirror image to its Hwaseong semiconductor site in South Korea. The office has since expanded its campus twice to accommodate its growing operation, and the company now claims to have invested more than $17 billion in the local plant. Samsung Austin also said it has created $4 billion in economic activity for the greater central Texas region.
The 3,000-person company has 65 positions currently listed in Austin, with a focus on hiring engineers.