Samsung Puts $4B Into Austin Chip Plant -- the Largest Foreign Texas Investment Ever
Samsung is aiming to double-down on its Austin, Texas chip making plant: The company announced today that it would invest around $4 billion in the plant to boost the production of mobile processors.
The investment in Samsung Austin Semiconductor will be the single largest injection of foreign funds ever into Texas, according to MarketWatch. Samsung has now spent over $13 billion on the Austin plant since it launched in 1996.
It makes sense for Samsung to pump up its chip production since it needs to keep a steady supply of chips