Samsung Seeks Home for $17B Factory Russ Wiles Arizona Republic

Samsung Seeks Home for $17B Factory Russ Wiles Arizona Republic


Could Phoenix Land Another Massive Semiconductor Plant? Samsung Seeks Home for $17B Factory Russ Wiles Arizona Republic

Article originally posted on AZ Central on February 9, 2021
 
The technology sector of metro Phoenix could get a major boost if Samsung Electronics decides to locate a $17 billion semiconductor plant here.

The South Korean maker of cellphones, computers, televisions, appliances and more is considering sites in the Valley as well as Texas, upstate New York and Korea for the chip factory and its planned 1,800 high-paying jobs. The company hasn’t made a decision, though some press reports indicate the Austin area, where Samsung already has operations, might have the edge.

The metro Phoenix sites under consideration are located in Goodyear and Queen Creek, according to media reports.

Samsung is seeking more than $1 billion in tax abatements from Austin, Travis County in Texas and a local school district there, according to documents the company filed with the Texas Comptroller’s office and reported by the Austin American-Statesman.

Without the tax breaks, the company said it likely would locate the factory in Arizona, New York state or South Korea.

The Texas documents indicate Samsung could break ground on the plant as early as the second quarter of this year and could be up and running with production before the end of 2023.

Valley’s growing chip presence

A land use map of the north Phoenix area where Taiwan Semiconductor Manufacturing Co. plans to open a chip manufacturing plant.

The Phoenix metro area already had a solid chip-industry foundation with Intel, NXP Semiconductors and others including two sizable locally headquartered companies in ON Semiconductor and Microchip Technology.

In addition, Taiwan Manufacturing Semiconductor, the world’s largest contract-chip manufacturer, has purchased land to build a $12 billion chip plant in northwest Phoenix.

The proposed Samsung factory would represent a bigger investment than the plant that Taiwan Semiconductor Manufacturing plans to build on 1,129 acres. That parcel, purchased for $89 million, is located in northwest Phoenix near Loop 303 and 43rd Avenue. The Taiwan company also has leased office space in Phoenix to serve as an administrative hub for that project.

Find Full Article Here: https://www.azcentral.com/story/money/business/tech/2021/02/08/samsung-says-metro-phoenix-shortlist-huge-semiconductor-plant/4435424001/