From CNET: Samsung, sore from the disastrous Galaxy Note 7 debacle, is betting big on chips.
The company plans to invest more than $1 billion by the end of June 2017 to increase the production of system chips in its Austin, Texas, facilities, according to Reuters.
While Samsung is best known for televisions, phones and refrigerators, it also makes many of the components that go into these devices. Certain Samsung phones, for instance, are powered by its Exynos chip, which is the equivalent of the Qualcomm Snapdragon processor that serves as the brain for other phones.
The company plans to boost production on system chips for mobile devices and other electronic gadgets.
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