TECHNOLOGY - Jan. 17, 1996

Samsung Details Plans for $1.3-Billion Chip Site: Four months after choosing central Texas as the home of its first U.S. computer chip manufacturing site, Samsung Electronics Co. formally unveiled its plans for three plants. The company will start building the first in March at a 300-acre site near Austin. It is expected to cost as much as $300 million and will employ at least 1,000 people when chip production begins in 1998. Samsung plans to complete the next two factories by 2003. The company joins Toshiba, Fujitsu and other overseas companies that have recently decided to build expensive chip plants in the United States. Many Asian companies have been attracted to the U.S. by the low value of the dollar compared with their currencies. Samsung is among the world’s leading maker of memory chips.