Samsung is investing billions of dollars into a plant in Austin, Texas, that's known to produce Apple's mobile processors.
The company said yesterday that it'll spend between $3 billion and $4 billion retrofitting its facility to improve production of more-advanced mobile processors, the local newspaper, Austin Statesman, is reporting. About half of the facility will be updated.
According to the Statesman, the work should be completed during the second half of 2013, allowing the entire facility to focus efforts on system-on-a-chip (SoC) processors for smartphones and tablets.
Last year, reports surfaced sayingin its Austin plant. It's widely believed that Samsung will be producing the processor for Apple's upcoming smartphone, the iPhone 5, in the same facility.
Apple - USE TAG
reading•Samsung to invest up to $4 billion in Texas plant
Nov 18•Tech Turkeys 2018: The biggest screwups in tech this year
Nov 18•Black Friday 2018 iPhone deals: iPhone XR and XS for $150 off, free $400 iPhone X gift card
Nov 18•We took the iPhone XS and XR into 26 foot deep water. Only one survived
Nov 18•Facebook's Zuckerberg, Elon Musk and MoviePass top this year's list of Tech Turkeys