Posted on 10/19/2004 6:43:51 AM PDT by 1rudeboy
Samsung Initiates $75 Million Second-Stage Expansion of Austin Plant
Samsung Begins Construction for Plant Expansion
Samsung Electronics Co. Ltd. recently broke ground on the second-stage expansion of its Austin memory-chip-fabrication plant. Samsung Pacific Construction Co. is the general contractor for the 34,000-sq.-ft. $75 million project. The Southwest District office of Greeley, Colo.-based Hensel Phelps is the structural subcontractor. The expansion of the company's manufacturing area is part of a succession of investments intended to equip the Austin plant for next-generation advanced-semiconductor-fabrication technology.
In May 2003 Samsung announced a three-year investment plan of $500 million to upgrade, expand and increase capacity to produce nanoscale semiconductor memory technology at the Austin plant. Phase two involves the construction of a linked fabrication line, a means to increase total capacity.
Samsung Austin Semiconductor is the company's only semiconductor fabrication plant outside of Korea. The plant was established in 1996 and has about 970 employees.
Samsung Electronics Co., Ltd., the world leader in advanced semiconductor memory technology, today broke ground on the second stage of the expansion of its Austin memory chip fabrication plant.
The 34,000 square foot expansion of its manufacturing area is part of a succession of investments that will equip its Austin plant for next-generation advanced semiconductor fabrication technology.
Samsung’s three-year investment plan of $500 million announced May 2003, will upgrade, expand, and increase capacity to produce nano-scale semiconductor memory technology at the Austin plant. The nano-tech upgrade investments will enable Samsung Austin Semiconductor to deliver 0.1-micron geometry designs down to 0.08-microns at a capacity of 50,000 wafers per month for manufacturing giga-density DRAM devices.
Currently, the Austin plant manufactures several types of memory chips including 16, 64 and 256-megabit chips in the .123 micron feature size. The northeastern Austin plant has about 970 employees.
Phase-two involves the construction of a linked fabrication line, a means to increase the total capacity. The outer shell and the clean room of the new extension, initiated this year, will be followed by equipment set-ups by July 2005.
Samsung plans to increase employment of approximately 300 to join Samsung over the three-year term.
The additional 300 jobs, with an average wage of almost $53,000 per year will put more than $15 million per year into the Austin economy, according to a recent economic impact study conducted by the Greater Austin Chamber of Commerce. That spending, plus the associated spending on equipment and materials, will mean as much as $753.3 million to the Austin economy in direct and spin-off effects when the fab is totally operational, according to the study. The Chamber report also concluded that during the construction phase, the expansion could generate about $135.2 million and create over 1,100 jobs on the project, most of them temporary.
Samsung Austin Semiconductor, established in 1996 is Samsung’s single semiconductor fabrication plant outside of Korea. The Austin plant has been a successful link between the Korea-based electronics company and its long-term business relations with customers in the US.
The relationship Samsung has established with the Austin community is a benchmark investment to Samsung. The past eight years has enabled Samsung to experience true globalization through successful localization of management and integration of its advanced memory technology.
Posted July 26th, 2004
azom.com
China, U.S. resolve chip tax issues
zdnet.com
Cerebral cortex imbedded big screen TV chips....
That would be ok, if matched with automatic intravenous injection of alcohol.
Semiconductors are an appreciable portion of all of our exports; overall, in the related NAICS coded areas 21300-21500, we exported $108,732,490,000 in 2003.
Semiconductors (NAICS code 21320) were 42% of that number, at $46 billion dollars, making this the single largest NAICS category in dollar value, well ahead of vehicle parts (NAICS code 30230) at $36 billion.
Unfortunately, semiconductors were well off from the $60 billion we managed in 2000, dropping 24% in three years.
For 2000, NAICS codes 21300-21500 totalled $156 billion, having dropping 30% in 3 years to the aforementioned $109 billion.
We must stop this scourge of INsourcing.
why did willie green miss this story? If he saw it he would have posted it, right?
I am sure he would have posted it. :) I thought about pinging him - then thought better of it.
And do you recall what happened in 2000?
And do you recall what happened in 2000?
Certainly, quite well. 2000 was a banner year for many things. I hope that we reach its heights in many areas again, although I would be happier if P/Es stayed a bit less in the stratosphere. ;-)
Semiconductors are a large item by dollar value in our exports, and I would like to see their dollar value as an export going up. Bringing some welcome balance, for instance, agricultural items as represented by 00*** and 01*** codes have grown from $53 billion in 1999 to $66 billion in 2003:
| Year | 00*** & 01**** codes |
|---|---|
| 1999 | $53,307,730,000 |
| 2000 | $56,641,928,000 |
| 2001 | $59,137,283,000 |
| 2002 | $58,828,406,000 |
| 2003 | $65,598,699,000 |
So things aren't all slumping. To take an optimistic not, this slump in semiconductor exports may well disappear with factories such as this Samsung factory coming here.
'Middle Class going to hell' ping.
ping
We're doomed. These jobs will all be taken by illegals anyway.
I thought the only jobs being created during this administration were of the burger-flipper variety.
Yes, this is INSOURCING, and every plan I've seen designed to do something about outsourcing will bring the insourcing of jobs to a screeching halt.
shouldn't Samsung be keeping those high paying jobs in Korea for Koreans instead of exporting them to cheap low cost labors in the U.S.A.?
As I said earlier . . . Samsung is probably expanding here in order to take advantage of our highly skilled and productive illegal aliens. See you at Wal-Mart.
Good point....and now there is this:
A Poker Game For Samsung's Chips ~ Austin and Albany are playing a high-stakes hand ...
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