Samsung eyes four US locations for $17 billion chip factory

Samsung is looking at four sites in three different US states where it could build a $17 billion computer chip plant, records show.

The South Korean tech giant is considering two locations in Arizona and one in New York in addition to a site in Austin, Texas, where it’s seeking nearly $1.5 billion in tax breaks for the semiconductor facility, according to documents filed with Lone Star State officials.

Samsung said it’s in “active negotiations” with the other three potential hosts, each of which has offered a combination of property tax abatements, grants or tax credits to support the “highly competitive” project.

Samsung said it’s also scouting sites in Korea but suggested that Austin is its preferred location because of its 25-year history in the Texas capital, where it already has a chip plant.

While Austin is the apparent front-runner, US Senate Majority Leader Chuck Schumer (D-NY) has said he reached out to Samsung in late January about building the plant at the 1,250-acre Genesee STAMP campus, situated between the major cities of Buffalo and Rochester.

Category: Technology

Source: New York Post