# Samsung invests $1B in Austin chip plant

Samsung Electronics invested approximately $1 billion in its production facilities in Austin, Texas, as of June 2017, to produce advanced system-on-chip products for mobile and electronic devices.

- Type: Investment
- Announced: 2017-06-27
- Where: Austin, Texas, United States
- Value: $1.00B
- Status: announced
- Products: system-on-chip products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/1366332), 2017-06-27: "the Korean chipmaker made around $1 billion worth of investments in its production facilities in Austin, Texas, as of this month."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.