Samsung to invest up to $4 billion in Texas plant
The company's Austin factory is known to produce chips for Apple's mobile products.
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 saying Samsung was producing Apple's A5 processor for the iPad 2 and iPhone 4S in 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.