Last month, Samsung filed documents with Texas state officials outlining a project that would see a new $17 billion chip factory constructed in Austin. However, Samsung is actually considering four different US locations for the chip-making facility.
As Reuters reports, the details of the four sites were discovered in documents filed with Texas state officials on Feb. 26, three weeks after the initial filing. As well as the Austin site, two are being considered in Arizona and one in New York.
Due to the size of the investment and the promise of 1,800 new jobs being created, Samsung is understandably looking for some tax breaks to help with its final decision on where to build. The documents show Samsung would like $1.48 billion of tax abatements spread across 20 years if the Texas site is selected. New York and Arizona are thought to be offering similar tax breaks, but also “significant grants and/or refundable tax credits” which would be used to improve local infrastructure.
Texas remains the most likely candidate for the new facility as Samsung already has a chip plant in Austin and owns 640-acres (259-hectares) of land it can use to build the huge plant. As the company intends to “break ground” in the second quarter of this year and be operational in the third quarter of 2023, we won’t be kept waiting long to see which location is selected.