Samsung Investing Big Bucks in Apple Territory

Late last year, Apple put the wheels in motion on a new $300 million Austin, Texas-based campus.

But Apple apparently isn’t going into Texas alone. Samsung on Tuesday confirmed rumors that the tech giant is similarly investing huge sums of cash into a Texas based facility.

“Samsung Electronics Co said on Tuesday it will spend about $4 billion at its chip plant in Austin, Texas, to renovate an existing chip producing line and boost production of system chips, widely used in popular smartphones and tablets,” Reuters reported this afternoon.

The investment comes on top of 2.25 trillion won ($1.98 billion) in spending that Samsung announced in June to build a new logic chip plant in South Korea, and the conversion of two memory chip lines into logic chip production earlier this year to meet growing demand from mobile gadget customers such as Apple.

“We are extremely pleased to extend our presence in Austin and reinforce Samsung’s capacity for highly advanced logic products,” said Samsung Austin Semiconductor’s president Woosung Han. “The added ability in production will allow our customers to better respond to market needs.”