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South Korean company Samsung Electronics Co. plans to invest up to $ 17 billion to build a chip manufacturing plant in Arizona, Texas or New York, according to documents and people familiar with the plans. company.
Samsung is scouting two locations in and around Phoenix, two locations in and around Austin and a large industrial campus in Genesee County, western New York, according to one of the people.
An important factor in whether Samsung moves forward with the expansion will be the availability of incentives from the U.S. federal government to offset those offered by foreign countries and cheaper costs in other parts of the world, according to one person. familiar with the subject.
The proposal comes as the United States weighs in billions of dollars in funding to expand chip manufacturing in the United States and reduce its dependence on Taiwan, China and South Korea. New incentives for chipmaking were included in the National Defense Authorization Act passed in January, although the measures have yet to receive funding.
Samsung’s proposed plant would employ up to 1,900 people and is expected to be operational by October 2022, according to correspondence seen by the Wall Street Journal between Samsung and the manager of the city of Goodyear, Ariz., One of the locations that the company is considering. As is customary for large industrial projects, local Goodyear authorities are offering a range of incentives, including tax breaks and infrastructure upgrades to attract the plant, according to the letter.
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