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Samsung Elec to invest more than US$1b in US chip production

Tuesday, November 1, 2016 - 20:35

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Samsung Electronics Co Ltd said on Tuesday it plans to invest more than US$1 billion by end-June 2017 to boost production of system chips at its Austin, Texas, facilities to meet growing demand.

[SEOUL] Samsung Electronics Co Ltd said on Tuesday it plans to invest more than US$1 billion by end-June 2017 to boost production of system chips at its Austin, Texas, facilities to meet growing demand.

Samsung said in a statement that it would boost production of chips for mobile and other electronic devices from its existing facilities in Austin.

REUTERS

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