Advanced Micro Devices (AMD) this week entered in an agreement to sell and lease back its Lone Star Campus located in Austin, Texas. The new owner will be 7171 Southwest Parkway Holdings, LP, an affiliate of real estate investment company Spear Street Capital. AMD says the sale is expected to generate $164 million in cash, the proceeds of which will be reflected in the chip designer's Q1 financial statement.
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 Texas Advanced Computing Center (TACC) at the University of Texas at Austin is building a world-class supercomputer called "Stampede." It's scheduled to power on in 2013 and will solicit 20 percent of its performance from Intel's Xeon E5 series processors, and the other 80 percent from Intel's "Knights Corner" co-processors based on Intel's Many Integrated Core (MIC) architecture.
Gaming peripheral maker Razer announced this week the opening of the Razer Austin Technical Research Center. If U.S. geography's not your strong suit, that's Texas. Razer says it hopes to bring together some of the most talented technical researchers and designers in the world to Texas, where they will be in charge of creating new technologies to alter not just the gaming landscape, but consumer electronics as well.
Amazon is at odds with the state of Texas over what the state claims is $269 million in unpaid taxes, which ultimately prompted the online mega e-tailer to close a distribution center in Dallas and cancel plans to build additional facilities in the state, according to a report in the Associated Press. The AP got its paws on an email sent to Amazon employees by Dave Clark, the e-tailer's VP of operations. In it, Clark announced the closing due to the state's "unfavorable regulatory climate."