Samsung Bolster Computer Chip Future With $151b
The investment over the next nine years is to advance research and complete the construction of a new production line.
Samsung Electronics, a world leader in advanced semiconductor technology, today announced that it will increase its investment in the computer chip sector. Focusing on the System LSI and Foundry businesses, it’s investing a total of KRW 171 trillion ($151.10 billion) until 2030. The company wants to accelerate the research of cutting-edge semiconductor process technology and complete the construction of a new production facility.
The plan represents an increase of KRW 38 trillion from the previous commitment of KRW 133 trillion announced in April 2019 and is expected to help the Company reach its goal of becoming the world leader in logic chips by 2030. For the past two years, Samsung has been closely collaborating with various semiconductor design companies, component and equipment manufacturers, as well as academia in making progress towards that goal.
The expansion of the Company’s Foundry Business will help fuel entire new industries built on next-generation technologies like AI, 5G and autonomous driving. The Company also announced that it has begun construction of a new production line in Pyeongtaek, Korea, which is expected to be completed in the second half of 2022. The company says its state-of-the-art facility is equipped with the latest technology, P3, which will produce 14-nanometer DRAM and 5-nanometer logic semiconductors, both based on extreme ultraviolet (EUV) lithography technology.
“The entire semiconductor industry is facing a watershed moment and now is the time to chart out a plan for long-term strategy and investment”, said Dr Kinam Kim, Vice Chairman and Head of Device Solutions Division at Samsung Electronics. “For the memory business, where Samsung has maintained its undisputed leadership position, the Company will continue to make preemptive investments to lead the industry”.
As one of the world’s largest semiconductor clusters, Pyeongtaek could serve as the leading hub for next-generation innovations. The Samsung computer chip investment could allow the Korean company to exert a firmer grip around the lucrative semiconductor market, which is dominated by Asian companies. This has sparked some debate in recent months, not least from the President of the United States and major American computer vision companies like Intel and Cisco.
You can find more information about Samsung and its computer chip investment on its website.
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