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. Growing demand for its SoC products are necessitating the investment. The plant has been in Austin since 1997 and employs more than 10,000 people.
Apple Awards Face ID Laser Company Finisar with $390 Million
Apple today said it plans to invest $390 million in Finisar, the Texas-based supplier of its VCSEL (vertical-cavity surface-emitting lasers) wafers. Apple uses the VCSEL technology in the iPhone X to power Face ID, Animoji, and portrait photography in the TrueDepth camera.
Samsung Commits Another $18 Billion to Chip Production
Samsung's new semiconductor fabrication line in Pyeongtaek, Korea has kicked off production of memory products and is shipping its first batch of modules to customers. Samsung broke ground on the plant two years ago to help expand its production capabilities of V-NAND chips.
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.
Apple Plans Major Investment in U.S., Says 20,000 Jobs On Deck
Apple today outlined plans to contribute up to $350 billion to the U.S. economy across various avenues over the next five years.