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Samsung Making Largest Foreign Investment Ever In Texas

By TechTaffy Desk

Samsung

[Techtaffy Newsdesk]

Samsung Austin Semiconductor’s $4 billion investment at its Austin, Texas, site is on schedule for production of state-of-the-art mobile application processors within the second half of 2013, says the company.

Samsung’s investment in Austin marks the largest foreign investment ever made in the state of Texas by far. The company’s total investment in Samsung Austin Semiconductor since 1996 will reach $11 billion by year’s end and including the recently announced $4 billion investment, it will exceed $15 billion.

Along with new renovations from the fabrication front, Samsung’s local research branch, Samsung Austin Research Center, also grew its presence with about 200 engineers dedicated to design and development of the latest technologies for mobile application processors.

Samsung’s campus in Austin currently employs 2,500 direct employees, of which 300 are highly skilled military veterans recently brought on board as engineers and technicians.

Samsung Austin Semiconductor (SAS), located in Austin, Texas, is owned by Samsung Electronics and is the company’s only semiconductor fabrication plant located outside Korea.

[Image courtesy: Samsung]

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