Samsung to Spend $4 Billion to Boost Texas Chip Output
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Samsung Electronics Co., the world’s largest maker of memory chips, said it will invest about $4 billion in its Texas factory to boost output of processors increasingly used in smartphones and tablet computers.
The investment will help convert the production of memory chips to logic products, including processors that power mobile devices, at the Austin, Texas, plant, Samsung said in a statement today. The Suwon, South Korea-based company plans to complete the conversion and start mass production in the second half of 2013.