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Samsung Electronics Might Build A Multi-Billion Dollar Chip-Manufacturing Plant In Genesee County

Written by Site Hub on January 26, 2021

Samsung Electronics is considering making a $17 billion chip factory in Genesee County according to the Wall Street Journal.

The electronics manufacturing giant is also considering Phoenix, Arizona and Austin, Texas as possible locations. The factory would create almost 2,000 jobs and be fully functional by 2022.

If they move forward with Genesee County as their location, they would break ground in the Western New York Science and Technology Advanced Manufacturing Park (WNY STAMP).

Officials at WNY STAMP say that the location would provide “low-cost hydropower, sites, utilities and talent that are ready for advanced manufacturing and modern business operations.”

Greater Rochester Chamber of Commerce President and CEO Bob Duffy released a statement, saying:

“The Finger Lakes Regional Economic Development Council has been proud to support the Western New York Science and Technology Advanced Manufacturing Park (STAMP) as a regional priority. We have worked to secure funding to ready this site for largescale projects, and are grateful to Governor Cuomo for contributing $50 million to infrastructure investments. As a result of the Governor’s support, the STAMP site has access to crucial resources such as a strong workforce, energy availability, and an ability to accommodate nanotech-oriented, advanced, and large scale bio-manufacturing projects.

Senator Schumer, Senator Gillibrand, and Congressman Morelle have championed a number of measures which support federal investment in semi-conductor technology and manufacturing. These efforts make our nation and New York State much more attractive for this worldwide industry.

We commend Steve Hyde from the Genesee County Economic Development Center and Genesee County leadership for their work in positioning the STAMP site as a viable location for large-scale projects. Samsung could not make a better choice than the Finger Lakes region of New York for a site where their ongoing success and technological advancement can flourish.”