BUFFALO, N.Y. — South Korean media is reporting that Samsung will build a new $17 billion microchip plant in Austin, Texas. A formal announcement could come as soon as Friday following a meeting between President Joe Biden and South Korean President Moon Jae-in.
Any such deal would dash local hopes about luring the plant – and its 1,900 jobs – to a 1,250-acre industrial park in rural Genesee County.
U.S. Sen. Charles Schumer and officials with the Genesee County Economic Development Center have touted the Science, Technology and Advanced Manufacturing Park in the Town of Alabama as an ideal location for Samsung. Officials were reportedly prepared to offer an incentive package worth $900 million to bring the project to New York.
A site in suburban Phoenix, Arizona, is also under consideration.