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: Amazon launches one-hour shipping in Manhattan

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

'Interview' ordeal at Sony just its latest crisis

2 hours ago

How do you say "damage control" in Japanese? Sony Corp. is sealed within a hermetic cone of silence as executives try to prevent the slow motion train wreck at Sony Pictures from damaging the rest of the ...

Underfire Uber ramps up rider safety

18 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.