Tech giant Samsung said that it would put more than $1 billion in semiconductor manufacturing plant in texas. As Samsung tries to bounce back from its recent smartphone woes.
Samsung, which reported its most noticeably bad quarter in last 2 years in the 3 months finished September 30. A report claimed that they would spend more than $23.65 billion on capital this year.
The report on segment deals has come. The organization has been reeling from a spate of reported flames from Galaxy Note 7 a month before.
In Austin, tech giant said that it would spend the cash throughout the following eight months to support the creation of processor chips for cell phones and different gadgets. The organization says it has put more than $16 billion in its Austin office, which it opened in 1997.
While Samsung’s portable fortunes have taken a beating, the organization’s segments division remains a splendid spot. The organization is generally thought to be a pioneer in delivering 3-D NAND streak memory chips which are broadly utilized as a part of PC and cell phone stockpiling and natural light-discharging diode, or OLED, boards, for cell phones and TVs. It is likewise the world’s biggest maker of element irregular get to memory, or DRAM chips by volume.
In the latest quarter, Samsung’s main division represented 84% of the organization’s general working benefit, the most elevated extent since Samsung propelled its first series of Galaxy S (Android phone) in 2010.