Samsung to invest $1 billion in Austin plant to make mobile chips
Samsung is still sorting out the mess connected to the recalled Galaxy Note7, but is nevertheless ramping up mobile chip manufacturing by investing $1 billion in an Austin, Texas, factory.
The investment will be applied early next year, and will also be used to expand manufacturing of semiconductors for electronics, the company said on Tuesday.
Samsung makes Exynos chips that are used in its smartphones, but also semiconductors for storage, memory and batteries. Most of the components in the Galaxy S7 handsets are made in Samsung factories.
Samsung discontinued the Note7 after battery-cell problems led to overheating and fires in some of the phones. But that apparently is not halting company plans to expand its mobile chip production.
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