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[DailyTech] Samsung to Crown Texas Fab With $4B USD Revamped SoC Line

post #1 of 36
8/21/12 at 2:41pm
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Quote:
Since 1996 Samsung Electronics Comp., Ltd. (KSC:005930) has poured $9B USD into its semiconductor fab in Austin, Texas, one of the nation's largest semiconductor production facilities. As part of its deep research and development spending commitment and dedication to stay on top of the mobile market, Samsung is upgrading its CPU line with another $4B USD in investment, taking its total investment in the U.S. facility to $13B USD.

http://www.dailytech.com/article.aspx?newsid=25472


It's so nice to see companies investing in US soil and hiring the best and brightest engineers.
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post #2 of 36
8/21/12 at 2:45pm
everything is done bigger and better in Texas!!!!
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post #3 of 36
8/21/12 at 3:02pm
Quote:
Originally Posted by Clairvoyant129 View Post

http://www.dailytech.com/article.aspx?newsid=25472
It's so nice to see companies investing in US soil and hiring the best and brightest engineers.

I guess it's somewhat good... They're probably working for dirt cheap like most manufacturing now-a-days. I just read Chrysler is hiring people at $14 / hour. Just a few years ago, bolting cars together paid roughly $36 / hour. In Germany, the same profession pays a staggering $67 / hour, and the companies are yet more profitable than the Detroit 3.

It's nice they are retooling the plant but I'd rather here the people who work there can afford to both eat and pay their electric bills. No?
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post #4 of 36
8/21/12 at 3:27pm
Quote:
Originally Posted by WhiteCrane View Post

I guess it's somewhat good... They're probably working for dirt cheap like most manufacturing now-a-days. I just read Chrysler is hiring people at $14 / hour. Just a few years ago, bolting cars together paid roughly $36 / hour. In Germany, the same profession pays a staggering $67 / hour, and the companies are yet more profitable than the Detroit 3.
It's nice they are retooling the plant but I'd rather here the people who work there can afford to both eat and pay their electric bills. No?

Without getting into a political discussion, remember that both the workers and the owners of any company have to decide how much the work is worth. Unions had a large factor in the wages paid to American auto workers, but the decline in the economy has forced them to renegotiate. Also consider the cost of living in the area. Texas has no state income tax and a relatively low cost of living. I'm not saying $14/hr could support a mortgage, car payment, and food/supplies for a family of 4, but your $14/hr would do more for you in Texas than it would in Michigan. I do agree that most American manufacturing facilities are in desperate need of restructuring, mainly at the top.
It's so mainstream
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It's so mainstream
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post #5 of 36
8/21/12 at 5:57pm
Quote:
Originally Posted by WhiteCrane View Post

I guess it's somewhat good... They're probably working for dirt cheap like most manufacturing now-a-days. I just read Chrysler is hiring people at $14 / hour. Just a few years ago, bolting cars together paid roughly $36 / hour. In Germany, the same profession pays a staggering $67 / hour, and the companies are yet more profitable than the Detroit 3.
It's nice they are retooling the plant but I'd rather here the people who work there can afford to both eat and pay their electric bills. No?

Bolting cars together for $36 an hours is what got the automotive industry into the trouble it was in. That and crazy pensions/benefits and crazy management salaries/perks.

I've worked for a company where the pay for a decent combo-welder was $18.50-to-34.50 and hour, with passable benefits; or, you could go ~$22.50-to-$39.00 an hour and buy your own insurance and whatnot. There are a few petrol chemical/industrial/refining jobs that work like that around here. Saves the company money in the long run and the workers get paid.

You have to take cost of living into account too: down here it's not as high as it is in say New York or L.A. or Chicago proper. Austin is the most expensive city in Texas and, so many people commute to work there from places like San Antonio, San Marcos and other cities to avoid that high cost of Austin living they are going to build a bullet train to-and-from Austin to San Antonio.

And Texas is really nice to businesses that invest here--tax wise--there's always that.
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post #6 of 36
8/21/12 at 6:23pm
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Quote:
Originally Posted by tx-jose View Post

everything is done bigger and better in Texas!!!!

This. cool.gif
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post #7 of 36
8/21/12 at 7:12pm
Holy crap. OCN texans came out of the woodwork on this one. Good to see some more investment in the US. I'm going to stay out of the wage discussions... it doesn't really relate to this news (we have no idea what Samsung is paying workers at its Texas fab).
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post #8 of 36
8/21/12 at 8:30pm
I lived in Texas before here, and miss it. Their roads are better, no state income tax...Louisiana leaves a lot to be desired...

great job Samsung on a good investment!!
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post #9 of 36
8/21/12 at 8:35pm
1 more texan overclocker biggrin.gif, lol I didn't even know there was a fab in texas...
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post #10 of 36
8/21/12 at 9:12pm
Quote:
Originally Posted by Mr. Mojo View Post

Without getting into a political discussion, remember that both the workers and the owners of any company have to decide how much the work is worth. Unions had a large factor in the wages paid to American auto workers, but the decline in the economy has forced them to renegotiate. Also consider the cost of living in the area. Texas has no state income tax and a relatively low cost of living. I'm not saying $14/hr could support a mortgage, car payment, and food/supplies for a family of 4, but your $14/hr would do more for you in Texas than it would in Michigan. I do agree that most American manufacturing facilities are in desperate need of restructuring, mainly at the top.

Uh, in Michigan, and the Detroit/Flint areas specifically where the auto plants are, the cost of living is dirt cheap. Cheaper than any other big cities. $15/hr will keep you up, so long as you don't have to take care of anyone else. Michigan also has pretty low income and sales tax, especially if you're in a low-income bracket.
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