Samsung to Proceed With $4 Billion Austin Plant Expansion
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Samsung Electronics Co., the world’s second-largest semiconductor maker, said it will go ahead with a $4 billion expansion of its U.S. chip plants in Austin, Texas, betting on surging demand for smartphone processors.
Samsung is boosting manufacturing capabilities for application processors and will be in full production in the second half of 2013, the Suwon, South Korea-based company said in a statement today.