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Samsung Details Plans for $17 Billion Chip Facility in U.S.

  • Disclosures come through economic impact study filing
  • Samsung considers locations in Texas, Arizona and New York
A visitor is silhouetted standing in front of the Samsung Electronics Co. logo displayed at the Semiconductor Rider experience at the company's d'light showroom in Seoul, South Korea, on Tuesday, Jan. 27, 2015. Samsung, the world's largest producer of smartphones using Google Inc.'s Android, is scheduled to release fourth-quarter earnings results on Jan. 29.

Photographer: SeongJoon Cho/Bloomberg

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Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the U.S. in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the U.S. chip supply a national priority.

The South Korean company plans to invest about $17 billion in its Project Silicon Silver and create about 1,800 jobs over the first ten years, according to an economic impact study prepared by a local consultant. Some $5.1 billion would go into buildings and property improvements, while $9.9 billion would be spent on machinery and equipment.

The filing with the Texas comptroller warned the chips project is “highly competitive.” Samsung is evaluating alternatives sites in Arizona and New York, as well as in Korea.