Samsung Sees Strong Semiconductor Growth; Invests $1.9B

[Techtaffy Newsdesk]

Samsung is investing $1.9 billion in a new production line construction for its System LSI business. The new line will mainly produce mobile AP on 300nm wafers at 20nm and 14nm process nodes to meet the growing market demand for system seminconductor products.

The investment is expected to be made in phases until early 2014.

[Image Courtesy: Samsung]

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.