Samsung to spend $250 million more in Austin plant
At the same time it will sell off its non-memory semis
Samsung Electronics is to rationalise the parts of its semiconductor business which do not specialise in memory. At the same time, it announced that it is to invest $250 million more in its Austin 64-Mbit DRAM fab. That is a joint investment with Intel. It will also spend $400 million in its display facility in Tijuana, Mexico, it said. According to reports on South Korean wires, Samsung Electronics will sell production facilities which make transistors and ICs. That business accounts for 30 per cent of its semiconductor turnover. Samsung has apparently found a foreign buyer for its non-memory semiconductor facilities, but declined to say which company had expressed interest. ®
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