Monday, August 17, 2009
South Korea's Samsung Electronics Co. Ltd. plans to close and upgrade its older memory fab in Austin, Texas--a process that will force the chip maker to cut 500 jobs, according to reports. One report can be read here.
Samsung Austin Semiconductor will spend some $500 million to upgrade its 200-mm fab to a 300-mm plant, according to reports. The company will close that fab in October, it added. As a result, 500 employees will lose their jobs.
Samsung will begin work on the fab in late 2009 or early 2010, according to the report.
Earlier this year, Samsung Austin Semiconductor, part of Korea's Samsung Electronics, cut 20 jobs amid a massive reorganization within the company. The Austin-based group has two fabs, including separate DRAM and NAND flash plants.
In 1997, Samsung opened its 200-mm DRAM factory in Austin. In 2006, Austin city officials breathed a sigh of after the board of director of Samsung voted in Seoul to go ahead with construction of a 300-mm wafer fab in that site.
In 2007, Samsung opened a 1.6-million-square-foot 300-mm NAND flash memory wafer plant in Austin.
By: DocMemory
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