According to a Reuters report, Samsung announced Tuesday that it will invest approximately $4 billion at its Austin, Texas chip plant.
Samsung’s goal is to renovate an existing chip producing line and boost production of system chips, widely used in popular smartphones and tablets.
The investment is in addition to nearly $2 billion in spending that Samsung announced in June to build a new logic chip plant in South Korea.
Samsung earlier this year converted two chip lines from memory to logic chip production in order to meet growing demand from mobile gadget customers such as Apple.
MacDailyNews Take: Ya hear that, U.S. jury? 😉
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Must be from all that money they’ve made from stealing Apple’s ip. Boom!
… so you don’t like the fact that Americans get jobs instead of FoxConn?
There aren’t many jobs at chip fabs. Everything is very automated.
That has nothing to do with my post. Samdung steals for profit.
If they invest in your country that’s great, just don’t expect any innovation.
+1
Perfect timing, much? Too bad the jury will be seqestered and probably won’t hear about this “benevelent” plan!
MORE jobs Apple is responsible for creating, resulting from profits lost to Scamdung from stolen IP!
It’s time Apple fabs there own chips and cuts Samsung off at the knees.
Let them build the plant, sink in all that money…then take away their business.
Better: Nationalize it!
I’m disappointed, the thread should have exploded 😉
+∞
They will let Judge Koh know so she lightens Samsung’s judgement to 22.5 million dollars instead of 2.5 Billion. A small tap on the wrist with a whisper to Samsung “Don’t do that again Samsung. You and Apple have really affected my summer vacation plans this year”