Samsung, the world's largest producer of memory chips, is planning to invest a whopping $4 billion in its Austin, Texas factory in order to renovate the facility and boost production of mobile chips used in smartphones and tablets, according to several reports. The investment is in addition to nearly $2 billion the company committed to spending on a new plant in South Korea last June.
The number crunchers over at the Semiconductor Industry Association (SIA) added up worldwide sales of semiconductors for the month of September and came up with $25.8 billion, an increase of 2.7 percent from one month prior when sales were $25.1 billion. SIA viewed this as "an optimistic close to the third quarter," which was 2.1 percent higher than Q2 and 2.2 percent higher year-over-year.
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