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(Bloomberg) Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the U.S. in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the U.S. chip supply a national priority.The South Korean company plans to invest about $17 billion in its Project Silicon Silver and create about 1,800 jobs over the first ten years, according to an economic impact study prepared by a local consultant. Some $5.1 billion would go into buildings and property improvements, while $9.9 billion would be spent on machinery and equipment.
Samsung discreetly revealed more details about its planned $17 billion investment in Austin, Texas, promising to create nearly 2,000 high-paying jobs. - SamMobile
By Justine Coleman - 03/03/21 10:01 AM EST
Samsung is considering four sites in the U.S., including in Austin, Texas, for a $17 billion semiconductor, or chip, factory, according to documents filed in Texas.
The South Korean company revealed that it is reviewing one site in Austin in addition to two sites in Arizona and one in New York for the “highly competitive project.” Each location is proposing property tax abatement and “significant grants and/or refundable tax credits,” the company wrote in a document filed in Texas on Feb. 26.
Samsung said it would commit $17 billion to Project Silicon Silver, including almost $5.1 billion in buildings and property improvements and more than $9.9 billion in machinery and equipment.
Samsung details plans for $17 billion chip facility in US livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Samsung Details Plans for $17 Billion Chip Facility in U S leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.