Samsung to invest $4B in US chip plant

Samsung to invest $4B in US chip plant:

Samsung to invest $4B in US chip plant

SEOUL—South Korea's Samsung Electronics said Tuesday it would invest about $4 billion in its US plant to increase production of system chips, used in smartphones, tablets and other electronics products.



The investment will be made by Samsung Austin Semiconductor in Texas, the company's only semiconductor plant outside Korea.



It will be used to renovate existing operations to accommodate full System LSI (large system integration) production, Samsung said in a statement.



Such chips are used in all types of electronics products including smartphones and tablets.



Work will start this month and mass production is scheduled to start in the ...

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