Wed. Dec 8th, 2021

SEOUL—Samsung Electronics vice chairman Jay Y. Lee is visiting North America in his first high-profile trip after serving jail time for bribery, with a decision imminent on the company’s planned $17 billion U.S. chip plant. Lee left Seoul on Sunday and his trip to Canada and the United States is expected to coincide with a decision on the location of the new plant, Yonhap and other local media said. A site in Texas’ Williamson County, near the city of Taylor, offered the better incentives package among various sites Samsung has been considering for the new chip plant that is set to make advanced logic chips, sources previously told Reuters. Samsung vice chairman Kim Kinam confirmed the chip plant plan in May, Samsung has been comparing incentives and working out who pays what in convoluted land and other agreements, while also considering the available amount of stable utilities such as water …

Author: Reuters
Source: https://www.theepochtimes.com/samsungs-lee-visits-us-ahead-of-likely-17-billion-chip-plant-decision-media_4104614.html

By Reuters

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