Samsung Austin Semiconductor Announces $4B Investment
AUSTIN, Texas - August 21, 2012 - Samsung Austin Semiconductor LLC announced today that it plans to invest about $4 billion to meet the rapidly growing demands for logic products. The funds will be used to renovate its existing fabrication operations to accommodate full System LSI production.
The remodeled fabrication line will mainly produce state-of-the-art mobile SoCs on 300mm wafers at the 28nm process node.
Starting work this month, the project is scheduled to initiate mass production within the second half of 2013. About 2,500 construction workers and equipment vendors will be at the site to retrofit the facility and set up the equipment.
Dr. Woosung Han, president of Samsung Austin Semiconductor said, “We are extremely pleased to extend our presence in Austin and reinforce Samsung’s capacity for highly advanced logic products. The added ability in production will allow our customers to better respond to market needs.”
Samsung’s latest investment marks the largest single foreign investment ever made in the state of Texas. The company’s total investment in Samsung Austin Semiconductor since 1996 will exceed $13 billion.
“We are honored once again that Samsung has decided to invest in their Austin plant. This expansion speaks well for the great relationship between Samsung, the City, County, Manor ISD and the State,” said Dave Porter, senior vice president of Economic Development, Austin Chamber of Commerce.