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Samsung Suffered $270 Million Loss Due To Power Outage In Texas Advertisement Advertisement In February this year, Samsung had to temporarily shut down its chip plant in Austin, Texas following a statewide power outage. The company has now revealed that this shutdown caused damage of over 300 billion won (more than $270 million). Heavy snowfall and cold waves in Texas on February 6 had caused power and water outages throughout the state. In view of the situation, Texas authorities ordered the shutting down of fabs. Samsung had to immediately stop production and shut down the Austin chip plant. A wafer production was reportedly in progress when the power outage happened. As the outage disrupted the production, the company had to destroy those wafers. “About 71,000 wafers were affected, and this corresponds to around 300 to 400 billion won in damage,” said Han Seung-hoon, a senior vice president at Samsung’s foundry business.

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