Samsung takes step forward in $3.9B chip effort in Texas
Officials in the Lone Star state have given Samsung the green light to expand chip production lines at an investment cost of $3.9 billion.
Samsung takes step forward in $3.9B chip effort in Texas
Officials in the Lone Star state have given Samsung the green light to expand chip production lines at an investment cost of $3.9 billion.
Samsung’s Galaxy S3
(Credit: Josh Miller/CNET)
Back in August, we heard that Samsung wanted to go forward with a substantial investment in a Texas plant to boost chip production. Now U.S. officials have given their approval.
Samsung Electronics plans to turn the Austin chipmaking plant into a more profitable venture through the $3.9 billion investment, aiming for a renovation to try to cope with the increasing demand for mobile devices including smartphones and tablets. Now talks have been completed with Texas officials, production line expansion and renovation has been given permission to go ahead, according to Reuters.