Samsung scouts US sites for $17bn chip plant

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Samsung scouts US sites for $17bn chip plant

By Alexandra Leonards

3/3/2021

Samsung is looking at sites in Arizona, New York, and Texas for a new $17 billion chip plant, according to documents filed with Texas state officials.

The documents, which are dated 26 February, estimate tax abatements from Travis County in Texas and the city of Austin for the plant will be around $1.48 billion over 20 years, up from the $805.5 million previously mentioned, said a report by Reuters.

The documents reveal that Samsung is in talks with the sites at Arizona and New York, with each offering property tax abatement and “significant grants and/or refundable tax credits,” according to the news agency.

Previous documents filed with Texas state officials said that the new plant, which would produce advanced logic devices for Samsung’s chip manufacturing business, is expected to create up to 1,800 jobs.

The tech business already has a chip plant based in Austin.

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