Andre Yoskowitz
22 Aug 2012 21:59
Samsung has announced a new investment of $4 billion in the Austin, Texas plant where they build Apple's processor chips.
The company is looking to expand production capacity for the processors, seen in mobile devices.
Samsung will use the money to retrofit existing installations and create complete new production lines. Mass production will begin in the Q3 2013.
The investment marks the largest foreign investment in Texas of all-time.
Over time, Samsung has invested over $13 billion in the plant. The commercial agreement between Samsung and Apple is expected to last at least a few more years.