Texas City Offers Samsung Extensive Property Tax Breaks to Build $17 Billion Chip Plant

Texas City Offers Samsung Extensive Property Tax Breaks to Build $17 Billion Chip Plant
Semiconductors on a circuit board that powers a Samsung video camera at the Samsung MOBILE-ization media and analyst event in San Jose, Calif., on March 23, 2011. Justin Sullivan/Getty Images
Katabella Roberts
Updated:

The city of Taylor, Texas, is planning to offer Samsung extensive property tax breaks if the company chooses to establish its new $17 billion chip plant there.

The South Korean tech giant is currently considering Taylor, as well as Austin, Texas, as a site for a new chip plant that the firm says could create around 1,800 jobs in the region, Reuters reported. Samsung has said it’s also looking at potential sites in Arizona and New York.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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