Samsung Seeks Tax Breaks on $192 Billion Potential Chip Plants in Texas

Samsung Seeks Tax Breaks on $192 Billion Potential Chip Plants in Texas
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, on March 23, 2018. Kim Hong-Ji/Reuters
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SEOUL—Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities.

Samsung’s applications were filed ahead of the December expiry the state’s Chapter 313 property tax incentives program. The South Korean tech giant already has a chip plant in Texas and is in the process of building a new one.