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Samsung to Invest $4B in Austin Chip Plant

Aug 21, 2012, 7:30 AM by Eric M. Zeman

Samsung Electronics has announced plans to spend $4 billion renovating a manufacturing facility it owns in Austin, Texas. Samsung said that it is going to convert the facility from one that manufactures memory chips to one that manufactures processors for mobile devices such as smartphones and tablets. The plant already has one manufacturing line dedicated to mobile processors. Processors are more profitable than memory chips. The project will require 2,500 workers. Samsung expects the refurbished plant will be fully operational by the second half of 2013.

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Comments

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This forum is closed.

Tofuchong

Aug 21, 2012, 6:06 PM

AWESOME job creation.

Well, look at that? A foreign company actuially CREATING jobs inside the USA? And not moving them Away? This is definately Obama's fault! BLAME HIM!!

Kenzin

I think this has more to do with Apple expanding offices in Texas more than this has to do with politics.

And just for the record...Mr. Obama thinks he is too cool for school...but I've got a newsflash for you............he isn't. (If you don't kno...
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