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.
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.
LG Shuffles Execs, Makes Huge OLED Investment
LG Electronics is restructuring its business to make it lighter on its feet and better able to respond to changes in the market. Moving forward, each of LG's core businesses will have their own, independent leaders.
Foxconn Commits to Building Wisconsin Factory
Foxconn today said it will build a manufacturing facility in Wisconsin, where it will make LCD panels and employ up to 3,000 people. The company previously announced it might invest up to $10 billion in the U.S.