Samsung's semiconductor manufacturing has announced that a $4 billion investment is going ahead for their Austin Texas site. Which is now on schedule to produce the next generation of mobile processors from the 2nd half of 2013.
It's no secret that the mobile industry is booming and its not really showing much, if any sign of slowing down either. Samsung are top of their game at the moment and with that comes a demand for better, faster and cheaper hardware. This $4 billion investment will see the remodeled fabrication line able to turn out 28nm process nodes on 300mm wafers and will help Samsung meet the rising demand for mobile application processors.
Samsung aren't content with just boosting one part of their business either, along side their boosted fabrication processes they have also invested in their local research center in Texas. Samsung have added around 200 engineers to their approx 2500 workforce, who are already dedicated to design and development of the latest mobile technologies and processors, which should keep them at the front of technological advancement in the mobile industry for a good while.
Overall this marks the largest foreign investment every made in the state of Texas to date, which since 1996 is around $11 billion and that's not counting the soon to be introduced $4 billion investment to the area.