Samsung loses over $270M from Texas plant shutdown as quarterly profits boom

Illustration by Alex Castro / The Verge

Shutting down its semiconductor plant in Austin, Texas lost Samsung over 300 billion won (around $270 million), Yonhap News reports. Speaking during a conference call, a senior vice president at Samsung’s foundry business Han Seung-hoon said that the shutdown affected around 71,000 wafers, corresponding to “around 300 to 400 billion won in damage.” The statement coincided with Samsung’s latest earnings release, in which it reported strong sales of its smartphones and other consumer electronics.

The South Korean electronics giant was forced to shut down its Austin plant — which produces microprocessors like radio frequency integrated circuits and solid state drive controllers — back in February after a storm left some 200,000 Austin…

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Author: Jon Porter