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...Samsung already has a foundry chip plant in Austin, Texas, where production was suspended in the first quarter because of a winter storm that caused blackouts, resulting in $254m-$339m of damages....
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...Kyung Kye-hyun, chief executive of affiliate Samsung Electro-Mechanics, will be the new head of its semiconductor business, while its consumer electronics and mobile divisions will merge under Han Jong-hee...
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...Samsung’s profits at its foundry business also improved as operations at its plant in Austin, Texas returned to normal following snowstorm-induced suspensions in February....
...A massive snowstorm in Texas in February that caused widespread power outages forced Samsung’s Austin chip plant offline for more than a month....
...Samsung also said its foundry in Austin had not restarted production....
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...However, Samsung’s quarterly chip earnings were hit by suspensions at its plant in Austin, Texas because of a huge snowstorm in February....
...“Due to the recent blackouts in Texas, Samsung Austin Semiconductor gradually halted its operations around 1pm on February 16, as ordered by Austin Energy,” Samsung said....
...The value of VC investment in Chinese semiconductor companies increased 446 per cent in the second quarter compared with the first, to a record $8.9bn. 3....
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...Now snow hits semisThe Arctic weather sweeping through Texas is threatening to exacerbate a global shortage in semiconductors, after several manufacturing plants near Austin were forced to shut down....
...Pressure is building on Lee over Samsung’s long-term growth drivers....
...In the letter, Mr Loeb said that Intel was “once the gold standard for innovative microprocessor manufacturing” but had fallen behind manufacturing competitors in East Asia such as TSMC and Samsung....
...The power outages in Texas also forced some chipmakers in the state offline, including Samsung Electronics’ multibillion-dollar fabrication plant in Austin....
...Samsung already has an advanced chip plant in Austin, Texas, ensuring local supply of its chips for big customers like Apple....
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