Texas city to offer Samsung large property tax breaks to build $17 billion chip plant

FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman

(Reuters) - The city of Taylor, Texas - one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant - plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant.

Taylor is competing with Austin, Texas to land the plant which is expected to create about 1,800 new jobs. Samsung has also said it is looking at other potential sites in Arizona and New York.