Fergie's Tech Blog

Samsung Picks Austin for $3.5 Billion Plant

Kirk Ladendorf writes in The Austin American-Statesman:

Austin's wait for Samsung is over.

The South Korean chip maker will start construction of a massive second chip factory in Austin next week. Its board of directors formally OK'd the project tonight, about six months after the company's site selection team formally recommended Austin.

Local and state officials think it is the largest-ever investment by a foreign company in a U.S. plant. The price tag is estimated at $3.5 billion to $4 billion. The factory is expected to employ about 900 workers, including both Samsung employees and those of supply companies who will work in the factory.

posted by Fergie @ 4/13/2006 07:13:00 PM