Samsung Elec seeks tax breaks on $192 bln potential chip plants in Texas

Date Published07/21/2022
Author NameJoyce Lee and Heekyong Yang
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung Electronics America
Parent companySamsung Electronics Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):900
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Capital investment ($):192
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredchip
What domestic positive factors made reshoring more attractive?Government Incentives, property tax incentives programme
Find Reshoring Articles