Reuters: Technology News: Samsung to invest $4 billion in U.S. plant to make more mobile chips

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Samsung to invest $4 billion in U.S. plant to make more mobile chips Aug 21st 2012, 06:54 Tweet Share this Email Print Flag of Samsung flutters in the wind at the company's main office building in Seoul January 17, 2012. Credit: Reuters/Kim Hong-Ji Related News Samsung to invest $4 bln in U.S. plant to make more mobile chips 2:50am EDT Stylus, split-screen stand new Samsung tablet apart Thu, Aug 16 2012 UPDATE 3-Stylus, split-screen stand new Samsung tablet apart Thu, Aug 16 2012 Micron CEO sees higher NAND prices next year Mon, Aug 13 2012 Samsung takes on Apple at trial over value of phone features Fri, Aug 10 2012 SEOUL | Tue Aug 21, 2012 2:54am EDT SEOUL (Reuters) - Samsung Electronics Co said on Tuesday it will spend about $4 billion at its chip plant in Austin, Texas, to renovate an existing chip producing line and boost production of system chips, widely used in popular smartphones and tablets. The investment comes on top of 2.25 trillion won ($1.98 billion) in spending that Samsung announced in June to build a new logic chip plant in South Korea, and the conversion of two memory chip lines into logic chip production earlier this year to meet growing demand from mobile gadget customers such as Apple. ($1 = 1135.5750 Korean won) (Reporting by Miyoung Kim; Editing by Richard Pullin) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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