Samsung considering another Texas location for $17 billion chip factory: Document

SEOUL: Samsung Electronics has applied for tax breaks to potentially build its planned $17 billion U.S. chip factory in a location in Texas other than Austin, where it has an existing chip plant, according to a document filed with Texas state officials.

Samsung is considering a location in Williamson County in Texas for the chip contract manufacturing facility that would consist of an investment “in excess of $17 billion dollars” and result in 1,800 new jobs, the document made public on Thursday showed.

Williamson County is home to the Taylor Independent School District, which is considering the tax breaks Samsung has applied for, the documents showed. The school district is considering capping the taxable value of Samsung’s proposed facility at $80 million for 10 years instead of the market value of $4.35 billion estimated as of 2029, according to the document.