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Samsung to invest $4 bln in U.S. plant to make more mobile chips
August 21, 2012 / 7:12 AM / 5 years ago

Samsung to invest $4 bln in U.S. plant to make more mobile chips

SEOUL (Reuters) - Samsung Electronics Co (005930.KS) 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.

An employee of Japan's largest mobile carrier NTT Docomo Inc holds a Samsung Galaxy S III smartphone during a launch event at an electronics store in Tokyo June 28, 2012. REUTERS/Yuriko Nakao/Files

The investment comes on top of 2.25 trillion won 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 (AAPL.O).

Reporting by Miyoung Kim; Editing by Richard Pullin

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