With Apple and Samsung constantly at each other’s throats in the courts, it’s easy to forget that the Californians are among the South Koreans’ biggest clients.
Indeed, from its Texas-based factory, Samsung cranks out A5 chips for the iPad 2 and iPhone 4S, and it’s expected to produce the A6 when it eventually arrives.
Now we’re hearing via Bloomberg that Samsung is looking to increase production at its plant in Austin, Texas, which may entail borrowing as much as $1 billion.
That figure might raise a few eyebrows, but borrowing costs in the US have fallen of late, and Samsung’s credit rating is pretty solid.
Over the blower, Shin, a credit analyst at Woori Investment in Seoul, told Bloomberg: “Samsung will probably receive very positive feedback from global investors. Investors are thirsty for companies with good credit.”
Samsung’s plant in Austin is thought to have cost a whopping $3.6 billion. It started cranking out chips earlier in 2011, but only reached full pelt in Q4.
While we’re talking ridiculous figures, Bloomberg recently estimated that Samsung had $19 billion in cash and equivalents as of September 30. Holy crap.