Samsung spends $4bn tarting up Texas factory
Austin plant to spit out extra-large orders of chips
Samsung has said it will invest around $4bn to renovate its US chip factory so it can increase production of the semiconductors used in smartphones and tablets.
The Korean firm will plough the money into the plant in Austin, Texas, the only factory it has outside of Korea.
Samsung said the cash will be used to renovate existing operations to accommodate full System LSI production. The plant will mainly produce state of the art mobile SoCs on 300nm wafers at the 28nm process mode, it added.
The renovation work will start this month and the factory is scheduled to be ready to start mass production in the second half of next year.
“We are extremely pleased to extend our presence in Austin and reinforce Samsung’s capacity for highly advanced logic products," Dr Woosung Han, president of Samsung Austin Semiconductor, said. "The added ability in production will allow our customers to better respond to market needs.”
The firm claims that the money will be the largest single foreign investment ever made in Texas and will bump its total investment in Austin Semiconductor since 1996 to over $13bn. ®
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COMMENTS
I vote the above...
...as the daftest comment posted today.
Re: Or perhaps again...
Ah right, Samsung built their billion dollar factory in Texas because it's the home of patent trolls, not because it's a hotbed of the silicon industry. Got it.
Re: RE:Sammy knows it'll get an appeal in Texas.
Bankers that invest in a industry that actually produce physical goods or provide services are very necessary and good for the economy. Those that simply move money around from stock to stock as the market fluctuates generate money for their banks, but nothing for the rest of society.
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