Samsung Given Permission to Build $3.9B Plant
Samsung has concluded negotiations with the state of Texas concerning its plans to renovate a manufacturing facility in Austin. Texas has officially greenlighted Samsung's proposal. Samsung is going to convert a facility it owns from one that manufactures memory chips to one that manufactures processors for mobile devices such as smartphones and tablets. The plant already has one manufacturing line dedicated to mobile processors. Processors are more profitable than memory chips. The project will require about 2,500 workers. Samsung expects the refurbished plant to be fully operational by the second half of 2013.
Samsung Plans to Sell Refurbished Galaxy Note7
Samsung plans to bring back the Galaxy Note7, despite the massive recall that spelled the phone's demise last year. The company will sell refurbished versions of the phone, though Samsung is still determining where via talks with regulatory authorities and carriers.
Nokia to Idle Indian Manufacturing Plant
Nokia has indicated it will cease production at a facility located in Chennai, India. Nokia still owns and operates the plant despite the fact that it sold its handset division to Microsoft earlier this year.
Samsung to Invest $1B In Austin SoC Plant
Samsung today announced plans to invest more than $1 billion in its Austin chip facility during the first half of 2017. The company said the investment will improve its ability to manufacture system-on-a-chip products for mobile and electronic devices.
Samsung Forges New Business Explicitly for Contract Chips
Samsung has split its processor manufacturing business into two units so the company can better handle outside clients. Samsung makes a lot of silicon and much of it, such as the Exynos processor line, ends up in Samsung smartphones, tablets, and other products.
Samsung to Use $3 Billion to Boost Display Production
Samsung Display, a subsidiary of Samsung electronics, plans to invest heavily in its Vietnam manufacturing facility in order to increase production. The company already spent $1 billion on its OLED plant in Vietnam earlier this year, which is less expensive to operate than some of its other plants.