[IT-줌in] Samsung Electronics is seeking to establish a factory in the US to manufacture 3nm chips for the next generation of semiconductors… Request for additional tax reductions such as electricity and water bills from Texas in the U.S.

-Submit a revised proposal requesting additional tax deductions such as water tax cuts to Texas
-In Austin, Texas, where you can make the next-generation semiconductor 3nm high-end chip?

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In January, Samsung Electronics was considering spending more than $10 billion to build the most advanced logic chipmaking plant in the U.S., which attracted more U.S. customers and is the industry leader, Taiwan Semiconductor Manufacturing Co., Ltd. ), as reports that it would help catch up with), Samsung Electronics’ advancement to the US became a pre-determined fact, and a revised proposal was released requesting additional tax deductions such as water tax cuts in Texas. It is reported that Samsung Electronics is looking for the world’s largest memory chip and smartphone maker in Austin, Texas, where in the future, it will be able to make high-end chips at 3 nanometers.

As such, while Samsung Electronics is negotiating tax reductions with the Texas government of the United States over the investment to expand a semiconductor plant that will invest more than $10 billion, Samsung Electronics submits a revised proposal requesting additional tax credits such as water tax reductions in Texas. It was said to have done.

13th <매일경제> According to an exclusive report, Samsung Electronics requested tax reductions due to the economic effects caused by the construction of a new semiconductor plant in Texas, followed by additional tax reductions such as electricity and water charges.

▲Photo = A letter sent by Governor Brian Kemp of the US state of Georgia to President Joe Biden to overturn the SK Innovation battery import ban

According to the report, Samsung Electronics has invested in the expansion of a semiconductor foundry (consignment production) plant worth 17 billion dollars (about 19 trillion won) from the end of last year, and taxes equivalent to 85.5 million dollars (about 900 billion won) over 20 years, including Texas and property taxes. Negotiations are underway on whether or not to reduce exemption, and Texas offers a tax relief (AVL) that exempts all or part of real estate and property increases for up to 10 years to attract large corporations. It requested compensation for reduction and exemption, and is taking the lead in economic effects caused by the establishment of a new semiconductor factory.

However, as the Samsung Electronics side intended, the negotiations have seldom speeded up recently and progress has not been made, and it is known that Samsung Electronics is considering new candidates in Korea as well as in New York and Arizona.

In this regard, Samsung Electronics recently submitted a second proposal to the state of Texas, and added utility cost reductions such as electricity and water bills and other non-cash support, Maeil Economic Daily said.

Samsung Electronics faced a crisis of forcibly shutting down the Austin semiconductor plant as the power and water supply chain was cut off due to a strange wave that struck Texas last month. The Austin plant has been shut down for a month, but the plant is still not normalized.

For this reason, Samsung Electronics is predicting a loss of about 1 trillion won in average quarterly sales at the Austin plant. The second proposal includes the relief of the utility tax rate, which can be interpreted as reflecting Samsung’s crisis and anxiety over the shutdown.

Another semiconductor company located near the Samsung Austin plant, NXP, is reported to have completed the initial restart inspection by the 15th and will enter full normal operation from the middle of this week. However, in the case of Samsung Electronics, even if all manpower and resources are put in, full normal operation can be expected from early April.

It is known that Samsung Electronics will not rule out changes to candidate sites in New York and Arizona and plans for domestic expansion if Texas does not accept the request for tax cuts.

Meanwhile, Samsung Electronics officials said that the world’s largest memory chip and smartphone maker is in discussion to find a facility in Austin, Texas as a facility that can produce high-end chips with 3 nanometers in the future. This expansion plan may be subject to change as scheduled, but the contents so far are the goal of installing major equipment from 2022, starting construction within this year, 2021.

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