Samsung to invest $1 billion in Austin plant to make mobile chips

Samsung is still sorting out the mess connected to the recalled Galaxy Note7, but is nevertheless ramping up mobile chip manufacturing by investing $1 billion in an Austin, Texas, factory.The investment will be applied early next year, and will also be used to expand manufacturing of semiconductors for electronics, the company said on Tuesday.Samsung makes Exynos chips that are used in its smartphones, but also semiconductors for storage, memory and batteries. Most of the components in the Galax