TechTaffy

tech:

taffy

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]

Just in

Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services. 
Industry

Intel appoints Kevin O’Buckley as SVP and GM of Foundry Services

Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.