April 27, 2024

Samsung looks to borrow $1 billion to expand production capacity in Austin, Texas

When you're producing chips for the iPad and iPhone, you need a serious facility to meet those demands. And evidently, Samsung's not foreseeing its legal battles with Apple to cause any wrinkles in said plans. In fact, Bloomberg is reporting that Sammy has "sent requests for proposals to banks to borrow as much as $ 1 billion to expand production … [Read more...]