Samsung's $3.9B Investment in Chip Production Plant Approved

Samsung's plans of investing a substantial amount into a Texas plant to boost chip production has been approved by U.S. officials.

To keep up with the increasing demand for mobile devices ranging from smartphones and tablets, Samsung Electronics plans to make its Austin base into its central chip-making division through the $3.9 billion investment.

Talks have now been completed with Texas officials, with the production line expansion, as well as renovation given permission to commence.

Samsung's latest investment in the Texas plant brings the South Korean technology titan's total investment to over $13 billion since the plant came into fruition back in 1996.

Although it's currently battling Apple in court with several lawsuits, Samsung supplies memory chips for several products belonging to the former; it's the only company that can produce the amount Apple wishes in a specific time frame. It also produces chips for its own products such as the Galaxy lineup.

Samsung was recently named the worldwide cell phone market leader with a 29 percent share in 2012.

 

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  • Kind of fun... a foreign company can invest in production in the US while many US companies manufacture everything elsewhere and cry about a few $ in extra manufacturing costs per unit as reason not to move the production. All that while raking in billions in profit.

    What company are the better one? The one who employ people at home or the company that only are interested about maximizing their own profit at any cost...
    19
  • getrealApple announces they are moving some manufacturing to the US, so SameSung moves too!Is there anything they won't copy? Samsuck: world's biggest Asian knock off!

    The austin plant is already there since 2007. Samsung is just investing almost 4 billion to ramp up the plant. So who copied who?

    Get a life.
    11
  • getrealApple announces they are moving some manufacturing to the US, so SameSung moves too!Is there anything they won't copy? Samsuck: world's biggest Asian knock off!


    Samsung 'copying' Apple?
    Samsung has been in Texas since back in the late 90s when I was still living in Dallas.

    Learn to read before making a fool out of yourself :-)
    10
  • Other Comments
  • Kind of fun... a foreign company can invest in production in the US while many US companies manufacture everything elsewhere and cry about a few $ in extra manufacturing costs per unit as reason not to move the production. All that while raking in billions in profit.

    What company are the better one? The one who employ people at home or the company that only are interested about maximizing their own profit at any cost...
    19
  • Better Austin than Shanghai.
    3
  • Kind of ironic to open a Korean company's phone and see parts that say "Made in USA", then you open up an American company's phone and see "Made in China".
    9