BusinessSamsung considering four sites in U.S. for $17 bln chip plant -documents

Joyce Lee
1 minute read

A man walks past the logo of Samsung at its office building in Seoul, South Korea, October 25, 2020. REUTERS/Kim Hong-Ji

Samsung Electronics Co Ltd (005930.KS) is considering two sites in Arizona and another site in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials.

The tech giant also said in the documents dated Feb. 26 that it is seeking combined tax abatements of $1.48 billion over 20 years from Travis County and the city of Austin, up from the $805.5 million mentioned in a previous document.

A Samsung spokesman told Reuters on Wednesday it is considering a number of possibilities in terms of expansion but declined to elaborate.

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