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Samsung considers four sites in US for $17 billion chip plant: Report

Samsung's US customers for its contract manufacturing chip business include Tesla Inc, Qualcomm Inc and Nvidia

Samsung | United States | samsung chip

Joyce Lee | Reuters  |  SEOUL 

Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials. The documents dated Feb. 26 also estimated tax abatements concerning the plant will be about $1.48 billion over 20 years from Travis County in Texas and the city of Austin, up from the $805.5 million previously mentioned. 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 ...

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First Published: Wed, March 03 2021. 17:54 IST