November 21, 2024 4:32 pm
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Samsung eyeing sites in Valley for massive chip plant

By Corina Vanek | Phoenix Business Journal

Technology giant Samsung Electronics Co. is considering multiple sites in the Valley, along with sites in New York and Texas, for a $17 billion semiconductor plant, the Wall Street Journal first reported.

A source familiar with the site search confirmed to the Business Journal that Samsung is eyeing sites in the Valley, including a 1,100-acre site in Goodyear that the city recently designated a foreign trade zone. According to city documents, a site in the city, bounded by Indian School Road to the north, Perryville Road to the west, Citrus Road to the east and McDowell Road to the south is being considered for an economic development project. The city documents do not identify the potential user but do say it is a known user.

Read the full subscription story from the Phoenix Business Journal.

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