Posted Aug 21, 2012, 5:22 AM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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http://www.statesman.com/business/sa...t-2438996.html
Quote:
Samsung plans another $3 billion Austin investment
By Kirk Ladendorf
Updated: 9:56 p.m. Monday, Aug. 20, 2012
Published: 9:48 p.m. Monday, Aug. 20, 2012
Samsung Electronics Co. confirmed Monday that it will spend between $3 billion and $4 billion over the next year in converting roughly half of its Austin chip manufacturing operation to a new, potentially more profitable product.
The South Korean company, which is the world's second-largest chipmaker, last month closed the part of the Austin factory devoted to memory chip production.
When that work is completed and the retrofitted part of the factory is in production in the second half of 2013, then the entire production of the factory is expected to be devoted to making "system chips" for smartphones and other smart mobile devices.
Samsung employs nearly 2,500 workers in Central Texas, which include a few hundred workers at its engineering design center in Northwest Austin.
When the latest project is completed, it will bring Samsung's total investment in Austin to more than $13 billion, making it one of the largest foreign investments in the United States.
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