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Samsung to Name U.S. Plant Location This Week, Yonhap Says

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Samsung Electronics Co. will announce the location of its new chip plant in the U.S. this week, following Vice Chairman Jay Y. Lee’s trip to the country and Canada, Yonhap News reported.

Taylor, Texas, northeast of Austin, is thought to have the inside track for the new plant after offering incentives. Samsung is also considering nearby Manor, Texas, as well as Phoenix, or a location in Upstate New York, Yonhap reported.