The three places want to spend a lot of money to subsidize Samsung to set up a factory in the United States, but the location has not yet been determined

In May this year, Samsung Electronics confirmed that it was considering spending US$17 billion to build a new wafer factory in the United States, but one month has passed and many details are still pending, even the location of the factory has not been finalized.

According to a report by Korea Business Daily on Monday (21st), citing industry insiders, Samsung is looking for a location for a new factory in the United States. It is still in the evaluation stage and may be selected this summer.

Samsung has been unable to decide on a location to set up a factory because the governments of Texas, Arizona and New York are all willing to invest heavily in subsidies to attract Samsung to set up a factory, causing Samsung to be hesitant.

It is reported that Samsung has a wafer fab in Austin, Texas, which has been in mass production since 1998 and currently mainly produces 14nm products. Therefore, Samsung hopes to set up a more advanced wafer fab in the United States to win high-end chip orders.

The report pointed out that since Samsung has already set up a factory in Texas, the new wafer factory has the highest probability of being located in Texas, but the Arizona and New York governments have offered very attractive incentives. In addition, the Texas legislature failed to pass an extension of Chapter 313 of the Texas Tax Code before the May 26 deadline, which also makes the situation full of variables.

According to a previous report by The Wall Street Journal, based on correspondence documents between Samsung and the local government of Arizona, Samsung's planned new plant is expected to create 1,900 jobs and is expected to be put into production in October 2022. The local government will provide a series of incentives, including tax cuts and infrastructure upgrades, to attract Samsung to set up a factory.