Samsung to invest $4 billion in Austin plant

Aug 21, 2012

(AP) — Samsung Electronics co. will spend $4 billion renovating its plant in the U.S. to increase production of advanced chips used in smartphones and tablet computers.

Samsung's Tuesday announcement is its latest push into the lucrative logic chip business. In June, Samsung said it would spend nearly $2 billion to build a new production line in South Korea to ramp up mobile chips that work as a brain in smartphones and tablet computers.

The South Korean company said mass production in the Austin, Texas plant will start in the second half of next year. The U.S. plant also produces chips for Apple's iPhone and iPad.

Samsung is the world's largest maker of computer memory chips but is trying to reduce its exposure to the cyclical downturn of the memory industry.

Explore further: Short sellers not to blame for 2008 financial crisis, study finds

5 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

Samsung starts new chip line to boost flash memory

Sep 22, 2011

Samsung Electronics, the world's largest memory chip maker, said Thursday it has begun mass production at a new line to raise production of flash memory chips used in tablets and smartphones.

Seoul approves Samsung's new investment in China

Jan 04, 2012

South Korea on Wednesday approved Samsung Electronics' plan to build a new plant in China to produce high-tech memory chips used in tablets and smartphones, the Ministry of Knowledge Economy said.

Samsung seeks sales ban on iPhone 5

Sep 20, 2011

South Korea's Samsung Electronics will file lawsuits to try to block the sale of Apple's iPhone 5 as part of its global legal tussle with the US technology giant, a report said Tuesday.

Recommended for you

Chinese smartphone makers win as market swells

4 hours ago

Chinese smartphone makers racked up big gains as the global market for Internet-linked handsets grew to record levels in the second quarter, International Data Corp said Tuesday.

Full appeals court upholds labels on meat packages

4 hours ago

(AP)—A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered.

BlackBerry buys German anti-eavesdropping firm

5 hours ago

Canadian smartphone maker BlackBerry announced Tuesday the purchase of German voice and data encryption and anti-eavesdropping firm Secusmart, whose customers include NATO and German Chancellor Angela Merkel ...

India's Flipkart raises $1 bn to tackle Amazon

6 hours ago

India's top e-commerce company Flipkart said Tuesday it had raised $1 billion (60 billion rupees) in funds as it battles US giant Amazon for supremacy in the hyper-competitive local market.

User comments : 0