Samsung to invest $4 billion more in expansion of its Austin, Texas mobile chips factory

Samsung to invest $4 billion more in expansion of its Austin, Texas mobile chips factory
Samsung just announced that it will add $4 billion more into the expansion of its Austin, Texas mobile chips facility, where it creates silicon that makes Apple's and its own smartphones and tablets tick. We'd wager to guess the boisterous Texas governor Rick Perry will be doing some ribbon-cutting there again soon.

This is on top of the $1 billion investment it already pledged to the facility, and the $1.9 billion South Korean foundry line for 20nm and 14nm chips for future generations of its Exynos mobile chips family. 

Investing into the Austin, Texas chip foundry is part of the huge $42 billion amount that Samsung dedicated to R&D, hiring, acquisitions and factory expansion this year, so the chips inside your iPad and iPhone will continue to be made in America.

source: Reuters

FEATURED VIDEO

3 Comments

1. MeoCao unregistered

Americans benefit more from Samsung, a Korean company than from Apple, an American one.

2. JC557

Posts: 1917; Member since: Dec 07, 2011

Yeah, people forget that with a global economy a foreign company can be more beneficial to Americans than a supposedly American brand (the car market is a major one).

3. deewinc

Posts: 454; Member since: Feb 21, 2013

Samsung creating employment in America and Apple creating employment in China =D

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.