According to documents and people familiar with the company’s plans, Samsung Electronics Co. in South Korea an investment of no less than $ 17 billion to build a chip factory in Arizona, Texas or New York.
According to one of the people, Samsung is scouting two sites in and around Phoenix, two sites in and near Austin, and a large industrial campus in Genesee County in western New York.
A key factor in whether Samsung continues to expand is the availability of US federal government incentives to offset those from abroad and cheaper costs in other parts of the world, said a person familiar with the case.
The proposal comes because the US is weighing billions of dollars in funding to grow US chip production and reduce its dependence on Taiwan, China and South Korea. New incentives for chip-making have been included in the National Defense Authorization Act passed in January, although the measures have not yet received funding.
According to the correspondence between Samsung and the Goodyear city administrator, Ariz., Reviewed by The Wall Street Journal, one of the places the company is considering, the factory proposed by Samsung would employ some 1,900 people and be operational by October 2022. must be. As usual with large industrial projects, the local Goodyear authorities are offering a range of incentives, including tax breaks and infrastructure upgrades to lure the plant, the letter said.