Samsung Electronics has announced plans to spend $4 billion renovating a manufacturing facility it owns in Austin, Texas. Samsung said that it is going to convert the facility from one that manufactures memory chips to one that manufactures processors for mobile devices such as smartphones and tablets.
The plant already has one manufacturing line dedicated to mobile processors. Processors are more profitable than memory chips. The project will require 2,500 workers. Samsung expects the refurbished plant will be fully operational by the second half of 2013.
