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Samsung considers four sites in US for $ 17 bln chip plant

Samsung already has a chip plant in Austin, which needed a couple of weeks to resume production due to a shutdown due to a winter storm last month

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According to documents filed with Texas state officials, Samsung Electronics Company Limited is considering two sites in Arizona, Texas, and another site for a new $ 17 billion chip plant in addition to Austin, Texas.

The tech giant is also seeking a combined tax rebate of more than $ 1.48 billion over 20 from Travis County in Texas and the city of Austin, it added to documents dated February 26 to $ 805.5 million previously noted.

The documents state that Samsung is in talks with sites in Arizona and New York, each offering property tax reductions and “significant grants and / or refundable tax credits” to improve infrastructure.

Also read Samsung Introduces Its Next Generation 5G-Integrated Mobile Processor

According to previous documents filed with Texas state officials, Samsung’s new plant is planned to build “advanced logic devices” for Samsung’s chip contract manufacturing business, and could create 1,800 jobs.

Samsung already has a chip plant in Austin, which needed a couple of weeks to resume production due to its closure due to a winter storm last month.

Samsung is considering a number of possibilities in terms of expansion, a spokesman for the South Korean firm told Reuters on Wednesday without elaborating.

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