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

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

Mubasher: Samsung Electronics Co is considering two sites in Arizona and two others in New York and Texas’ Austin for a new $17 billion chip plant, Reuters reported on Wednesday citing documents.

The tech giant is also seeking combined tax abatements of $1.48 billion over 20 years from Travis County in Texas and Austin, up from the $805.5 million previously mentioned.

The new plant Samsung seeks to build would produce 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 due to shutdowns caused by a winter storm last month, may need a couple of weeks to resume production.