Samsung is among the , and it had announced in 2019 that it will into its logic chip businesses. Now, the South Korean tech giant has that it is raising the investment target to a whopping $151 billion. This development comes amid the worst global chip shortage in decades.
The company announced earlier today that it has decided to invest an additional KRW 38 trillion (around $33.5 billion) into its logic chip businesses, increasing its target to KRW 171 trillion (around $151). This capital will be used in the development of advanced technologies and the expansion of its chip production capacity. The company has two logic chip businesses: (designs logic chips) and (contract manufactures chips for other brands). Samsung is investing in System LSI to accelerate its growth in new-age technologies like , , and .
It also announced that it has started the construction of a new in Pyeongtaek, . The new plant will start the mass production of 14nm DRAM chips and EUV-based processors by the second half of 2022. It is being reported that the P3 plant will open six months ahead of the original schedule, which means that the company will be flexible in terms of what it will fabricate at the facility.
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 is the world’s largest memory chip maker by revenue and market share, and it often launches the industry’s best and newest technologies. A few days ago, it unveiled the that will be used in AI and cloud servers by various brands. However, in the foundry segment, it is the second-biggest brand after . TSMC usually beats Samsung in launching more advanced chip fabrication processes and the South Korean firm’s target is to defeat TSMC by the end of 2030.
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The company announced earlier today that it has decided to invest an additional KRW 38 trillion (around $33.5 billion) into its logic chip businesses, increasing its target to KRW 171 trillion (around $151). This capital will be used in the development of advanced technologies and the expansion of its chip production capacity. The company has two logic chip businesses: (designs logic chips) and (contract manufactures chips for other brands). Samsung is investing in System LSI to accelerate its growth in new-age technologies like , , and .
It also announced that it has started the construction of a new in Pyeongtaek, . The new plant will start the mass production of 14nm DRAM chips and EUV-based processors by the second half of 2022. It is being reported that the P3 plant will open six months ahead of the original schedule, which means that the company will be flexible in terms of what it will fabricate at the facility.
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 is the world’s largest memory chip maker by revenue and market share, and it often launches the industry’s best and newest technologies. A few days ago, it unveiled the that will be used in AI and cloud servers by various brands. However, in the foundry segment, it is the second-biggest brand after . TSMC usually beats Samsung in launching more advanced chip fabrication processes and the South Korean firm’s target is to defeat TSMC by the end of 2030.
The post appeared first on .