October 11, 2005 – Samsung Electronics could be on the verge of naming Austin, TX, as the home for its new $3.3 billion 300mm chip manufacturing site in the US, according to reports in the Korea Times and Austin Business Journal. The company already has a 200mm operations there as well as enough land upon which to develop a new facility.

The proposed site would begin producing NAND flash memory chips by the end of 2006. Austin’s municipal government reportedly is working on a $58.5 million package of incentives to lure Samsung, which also could utilize part of its workforce at its 200mm site to reduce labor training costs and accelerate production activities.

Oregon and New York also have been suggested as candidates on a short list of potential sites for Samsung’s new chip plant.