Samsung Will Spend Around $4B On A Chip Plant In Austin, Texas

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Samsung Electronics said that they will be spending about $4 billion on a chip plant in Austin, Texas.  Samsung will be spending the money to renovate an existing chip production line and boost the production of system chips that are used in smartphones and tablets.  This investment is the second largest that Samsung made after the company announced a $1.98 billion investment in a logic chip plant in South Korea.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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