Samsung has announced that it will increase its investment in Austin, Texas in 2017 by $1 billion. The additional investment will be made by Samsung Austin Semiconductor LLC (SAS) in the first half of 2017.
The investment will be in Samsung’s facilities in Austin, Samsung makes mobile system on chip (Soc) processors at the plant.
Samsung Austin Semiconductor LLC (SAS) continues to contribute to the health of the Austin economy by planning to invest more than $1 billion by the first half of 2017. Investments in its facilities will enhance current System LSI production to meet the growing demands in the industry for advanced system-on-chip (SoC) products especially for mobile and other electronic devices.
“Samsung is a bellwether for Austin. As a company that the community and state partnered with to relocate here several years ago, they have far exceeded expectations,” said Mike Rollins, President, Austin Chamber of Commerce. “Samsung remains a shining example of what happens when we create a business friendly environment. The result is a win that enhances and sustains our community’s ability to create a broad range of new jobs and economic opportunities for Austinites and their families.”
You can find out more details about Samsung’s plans for expansion in Austin over at their website at the link below.