Samsung to invest $291M in Austin operations after tax breaks cleared

Samsung (OTC:SSNLF) says it will invest $291M into Austin and Central Texas, following the Austin City Council’s clearing of a path toward state tax breaks. That will involve the chip giant retaining 500 area jobs, at a facility that employs 2,952. The Council designated the company an enterprise zone project, allowing for refunds on state sales and use tax. Click to read more at .