Samsung boosts logic chip investments to $151 billion
The South Korean electronics giant is increasing its investment in its logic business by adding another KRW 38 trillion, about USD 33.5 billion, to its previous commitment to invest KRW 133 trillion – bringing the total to KRW 171 trillion, about USD 151 billion, by 2030.
Samsung Electronics has disclosed in a press release that it will increase its investments in the System LSI and Foundry businesses through 2030 to a total of KRW 171 trillion (USD 151 billion), to accelerate its research of semiconductor process technologies and to construct a new production facility.
The plan represents an increase of KRW 38 trillion from the previous commitment of KRW 133 trillion, which the company made public back in April 2019, with the goal of pushing the company up to the top of the podium 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.
Samsung also announces 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 new facility equipped with the latest technology, P3, 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,” says Dr. Kinam Kim, Vice Chairman and Head of Device Solutions Division at Samsung Electronics in the press release. “For the memory business, where Samsung has maintained its undisputed leadership position, the Company will continue to make preemptive investments to lead the industry.”