Samsung Expands Austin Chip Plant

The Austin area received some good economic development news yesterday. The Samsung Electronics Company said that it was spending $500 million to expand and upgrade its semiconductor plant in Austin, Tex., to make advanced computer memory chips. The plant will produce state-of-the-art nanotechnology semiconductors, including one-gigabit memory chips used in high-end servers. It already produces 128 and 256-MB chips.

Most of the investment, more than $400 million, will be used to upgrade chip-making equipment. The rest will be used to increase the size of the plant. 300 new workers will be added.

This is another sign that the economic skies are clearing enough for business investments to move forward.

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