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.