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Samsung to Raise Cash for Texas Plant Via Bond Sale

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Jan 16, 2012, 10:30 AM   by Eric M. Zeman

Samsung Electronics's U.S. operations today indicated that it is preparing to sell up to $1 billion in five-year bonds so that it can raise the funds it needs to operate its chip plant in Austin, Texas. Samsung needs financial institution support to run the sale and has sent proposals to several banks. Reuters reports that this would be Samsung's first major debt sale in more than 10 years. Samsung wants to increase its ability to produce chips and OLED screens for mobile devices.

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Jan 16, 2012, 10:50 PM

Gotta love Texas!

Texas is on it and I wish the rest of the Union would get with the freaking program and let big business open up shop without all of the bureaucratic red tape and ridiculous taxes that are sending our jobs and money overseas! Hats off to Governor Brown. 2012 most definitely needs to see a 'CHANGE'.
Um Texas Governor is Rick Perry. You talking about Brown from Wisconsin?
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