Samsung is exploring another location in Texas for a $ 17 billion chip factory

SEOUL (Reuters) – Samsung Electronics (OTC 🙂 has called for tax cuts to build a planned $ 17 billion U.S. chip factory in another location in Texas other than Austin, which has a chip plant there, according to a document filed in Texas. state officials.

Samsung (KS 🙂 is considering locating in Williamson County, Texas, “with an investment of more than $ 17 billion and facilities to manufacture chip contracts that would lead to 1,800 new jobs,” the document said in a statement released Thursday.

Williamson County is home to the Taylor Independent School District and is examining the tax rebates requested by Samsung, documents showed. According to the document, the school district is considering putting the taxable value of Samsung’s proposed facilities at $ 80 billion for 10 years, instead of the estimated $ 4.35 billion market for 2029.

Earlier this year, Samsung sought incentives in Travis County, Austin, which has a chip plant there to build a $ 17 billion facility.

However, no new public documentation has been filed at the Travis County site since March, the Texas Public Accounts Accountant website showed on Friday.

Samsung confirmed in the document that it is also exploring alternative sites in Arizona, New York and South Korea in the United States.

If it makes an investment, Samsung plans to start production in the first quarter of next year by the end of 2024, it showed.

Countries like the United States have redoubled their efforts to ensure chip production, including global shortages of semiconductor shavings in automobiles.