Sep 6, 2021

Texas city to offer Samsung large property tax breaks to build $17 bln chip plant

Posted by in categories: computing, employment

Sept 6 (Reuters) — The city of Taylor, Texas — one of two locations in the state under consideration by Samsung Electronics (005930.KS) for a $17 billion chip plant — plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant.

Taylor is competing with Austin, Texas to land the plant which is expected to create about 1,800 new jobs. Samsung has also said it is looking at other potential sites in Arizona and New York.

Other potential sites have yet to disclose planned tax breaks.

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