- According to documents filed with Texas officials, Samsung (OTC:SSNNF,OTC:SSNLF) says one site in New York and two sites in Arizona are under consideration with Austin as the location for the new $17B chip plant.
- Samsung says the expected tax abatements form the city of Austin and Travis County would total $1.48B over 20 years, up from the $805.5M the company previously reported.
- The world's second-largest foundry, vying for market share from TSMC (NYSE:TSM), says the other sites have each offered property, abatements, and "significant grants and/or refundable tax credits" for infrastructure projects.
- The chip fab would produce "advance logic devices" and create 1,800 jobs.
- Samsung's existing Austin facility was recently forced to pause production due to the area blackouts.
Samsung could get $1.5 billion in tax abatements for Austin chip plant
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Taiwan Semiconductor Manufacturing Company Limited |