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Reports: Genesee County one of the sites Samsung is considering for a new chip plant

Samsung Electronics reportedly is considering an investment of as much as $17 billion to build a chip-making factory in Arizona, Texas, or New York, with the New York site proposed for Genesee County.

The news came from sources quoted by the Wall Street Journal who refer to a “large industrial campus” in Genesee County.

While the WSJ story was not specific, it would seem to indicate the potential site might be the 1,250-acre Western New York Science, Technology and Advanced Manufacturing Park (WNY STAMP) location in the Town of Alabama, which Genesee County Economic Development Center (GCEDC) has been marketing for some years.

The WSJ article says that the proposed Samsung plant would employ up to 1,900 people and aims to be operational by October 2022. The Journal says that an important factor as to whether Samsung moves ahead with the expansion will be the availability of U.S. federal government incentives to offset those offered by foreign countries as well as cheaper costs in other parts of the world.

Bloombergand The Hill also have reported on the potential Samsung expansion in recent days.

There was no immediate comment from Samsung when contacted Sunday by WXXI News. 

A statement released by Steve Hyde, president and CEO of Genesee County Economic Development Center, said that development of the STAMP industrial park has steadily progressed through the years.

Hyde said that “coupled with the many attributes of STAMP, including being strategically located (within) the Buffalo Niagara and Rochester Finger Lakes metropolitan regions, a well-educated and productive workforce, access to low-cost electricity due to the support of the New York Power Authority and many others have enabled STAMP to compete globally for large scale economic development projects in the semi-conductor, advanced manufacturing and clean energy sectors."

Hyde did not specifically comment on the possibility of a Samsung chip plant.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.