Samsung Electronics, the South Korean tech giant and the world's leading semiconductor manufacturer has announced that it will increase its investments in its semiconductor businesses by an additional KRW 38 trillion ($36 billion) taking the total to around KRW 171 trillion ($151 billion) by 2030. The company had earlier committed that it would be investing more than KRW 133 trillion ($115 billion) into its chip business.
Samsung has two logic chip businesses: Samsung Foundry, which designs logic chips, and System LSI where it contract manufactures chips for other brands. The expansion of the Company’s Foundry Business will help new industries built on next-generation technologies like AI, 5G, and autonomous driving.
Discussing the news, Dr Kinam Kim, Vice Chairman and Head of Device Solutions Division at Samsung Electronics, said:
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. For the memory business, where Samsung has maintained its undisputed leadership position, the Company will continue to make preemptive investments to lead the industry.
Samsung has also started construction of a new production line called P3 in Pyeongtaek, Korea, which is expected to be completed in the second half of 2022. The state-of-the-art facility equipped with the latest P3 technology which is capable of producing 14-nanometer DRAM and 5-nanometer logic semiconductors.
Image credit: World Construction Network