Samsung's pick for 2nd foundry fab in US seems imminent

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www.koreaherald.com, Nov. 17, 2021 – 

With Lee Jae-yong, the de facto leader of Samsung Electronics, currently in the US, industry observers expect the company to decide on the final location for its second foundry plant in the US, according to news reports Wednesday.

Some US media based in Texas reported Tuesday that the South Korean chipmaker appeared to have narrowed down its list of candidate sites for the new foundry fab believed to be worth $17 billion.

It was found that Samsung has withdrawn its application filed in January with Manor Independent School District in Travis County, Texas, for corporate tax incentives.

The same type of document filed in July with the city of Taylor can still be found on the city's public website, news reports said.

Samsung has been weighing benefits of tax incentives proposed by the two jurisdictions in Texas.

Austin, where Samsung has been running its first foundry plant since 1996, was considered the easiest choice for Samsung to build its second plant.

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