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HomeBusinessSamsung Considers Four Sites in U.S. for $17 Billion Chip Plant: Documents

Samsung Considers Four Sites in U.S. for $17 Billion Chip Plant: Documents

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SEOUL (Reuters) – 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 credits” to fund infrastructure improvements, the documents said.

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