Samsung Electronics Floats Nearly $200 Billion Spend on New Texas Plants in Next Decades

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SEOUL—Samsung Electronics has floated the prospect of investing practically $200 billion for 11 new chip-making crops in Texas over the following 20 years, a mega splurge that if executed would dramatically increase its semiconductor foothold within the U.S.

The South Korean tech big’s proposed spending was divulged in current filings submitted to the Texas Comptroller’s workplace and made public Wednesday. One seemingly motivation is a year-end expiration of a Texas state incentive program providing property tax breaks for 10 years for big investments.

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