Samsung Electronics close to finalising $17 bln Texas chip plant -sources Leave a comment


The logo of Samsung Electronics is pictured at the company’s factory in Tijuana, Mexico, June 1, 2019. REUTERS/Jorge Duenes/File Photo

SEOUL, Sept 29 (Reuters) – Samsung Electronics Co Ltd (005930.KS) is close to finalising the construction of a second, $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said.

Samsung told Reuters that it is continuing due diligence in multiple locations, and that it has yet to make a decision.

The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs, Samsung previously said in filings to state officials.

One of the people said though no decision has been made, the Austin suburb of Williamson County is the frontrunner due to the subsidies on offer as well as the likelihood of stable sources of electricity and water.

A winter storm shutdown at Samsung’s existing chip plant in Austin during the first quarter caused the equivalent of 300 billion to 400 billion won ($254 million to $339 million) of damage to wafer production. read more

All three people declined to be identified as they were not authorised to speak with media.

($1 = 1,179.6200 won)

Reporting by Joyce Lee and Hyunjoo Jin; Editing by Muralikumar Anantharaman and Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.



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