AP Photo/Ahn Young-joon

South Korea's Samsung Electronics Co., Ltd. said the company's semiconductor fab in Austin, U.S., lost about 300 to 400 billion won ($270 million to $360 million) in February this year when production was halted due to the Texas cold snap.

The Q1 financial results show that Samsung's Q1 revenue was 9.3829 trillion won ($8.44 billion), up 45.53% year-on-year.

The Austin plant was forced to shut down from February 16 due to the strongest cold front in Texas in history. It restarted production on March 31 and has now fully resumed work.

The company said the poor performance in semiconductor manufacturing was attributed to the increase in initial investment costs for new plants such as at Pyeongtaek Line 2 in Gyeonggi Province and low NAND flash memory prices, in addition to the shutdown of the Austin plant.

Samsung Electronics foresees that the company will recover the performance in Q2 DRAM and other storage semiconductor production, to improve the semiconductor division's performance. Wafer foundry is expected to increase supply with the resumption of the Austin plant and the start-up of Pyeongtaek Line 2.