Austin, Samsung negotiations pick up steam
Kirk Ladendorf writes in The Austin American-Statesman (obnoxious, but free, registration required):
Austin is in the final stages of trying to persuade South Korea's Samsung Electronics Co. Ltd. to build another chip factory here in what would be the city's single biggest economic development project ever.
Local, state and school district officials, along with business leaders, have met with Samsung executives for several weeks to exchange information and negotiate what incentives will be offered to the company, said one person close to the discussions who requested anonymity for fear of jeopardizing negotiations.
A decision could be made in the next few weeks, the source said.
Samsung acknowledges it is investigating potential sites in Austin, China and other locations. But the company says it has not formally decided to move ahead with the plant, which is expected to cost $3.5 billion.
posted by Fergie @ 7/20/2005 09:54:00 AM
0 Comments:
Post a Comment
<< Home