Free Republic

WSJ reports Texas Gov. Greg Abbott is scheduled to make a major “economic announcement” on Tuesday at 5 pm local time concerning new plans for a massive semiconductor plant in Taylor, Texas. South Korean tech giant, Samsung Electronics Co., is doubling down in Texas with another facility, about 30 miles from its manufacturing hub in Austin. The new Taylor facility will cost a whopping $17 billion and create 1,800 jobs. Chip production wouldn’t start until the second half of 2024. WSJ said officials in Taylor incentivized Samsung by giving them “property-tax breaks of up to 92.5% for the first ten...

SanDisk has rejected an unsolicited takeover bid from hardware maker Samsung Electronics, saying that it undervalues the Milpitas, California, maker of flash storage cards. The two companies had been in takeover talks for about four months, but Samsung went public with its offer Tuesday, apparently after discussions had broken down. "Our offer insulates your shareholders from the risk of market conditions that have severely deteriorated and are expected to remain challenging," Samsung Vice Chairman and CEO Yoon-Woo Lee wrote in a letter to SanDisk executives that Samsung released Tuesday. SanDisk Chairman and CEO Eli Harari responded quickly, saying in a...

November 14, 2007 In what could be seen as a stepping stone on the road to the replacement of traditional platter based hard drives with flash based drives, SanDisk has unveiled a solid-state storage solution that works in conjunction with a PC's hard drive to store and launch the computer's operating system and software applications. Presently the cost and size limitations of flash storage prohibit the complete replacement of traditional hard drives in PCs, but the new SanDisk Vaulter Disk offers the performance advantages of flash memory by tag-teaming with a PC’s existing hard drive. Both Vaulter and the hard...