Chosun Il Bo notes that Samsung Electronics will invest about $3 billion in 2006 to build a new semiconductor plant in Austin, Texas, the largest overseas investment ever by a Korean company. Hyundai Motor Company invested over $1.2 billion in their auto plant in Alabama.
Samsung notes it will clinch the deal with the U.S. city as early as next month.
A Samsung Electronics executive reports the the company tentatively decided to build additional 300-mm wafer production lines in Austin starting early next year.
Samsung Electronics produces DRAM memory chips in its existing Austin factory, which was built in 1998 and plans to manufacture NAND Flash memory chips in the new factory.
The world’s largest chip maker expects the new plant to strengthen its dominance in the global Flash memory market.
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