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 capacity at its factory in Austin, Texas," with the bonds to be issued by Samsung's US unit. It's bruited that the company -- which has around $19.2 billion in cash -- may sell its first overseas bonds since 1997 due to the impossibly low cost of borrowing money these days, and in a time where positive economic news is tough to come by, it's quite the relief to see a bit of forward progress come from historically low interest rates. Reuters
is reporting that the investment will mostly be used to "boost production of mobile chips and next-generation OLED (organic light-emitting diode) display panels," but specific details beyond that remain murky.