Samsung said on Friday it would spend 20 trillion won, or about $15 billion, by 2028 to build a new advanced chip research complex in South Korea.
The new facility to be built at its Giheung campus will conduct advanced research on innovative new technologies and wafer manufacturing processes for memory and system semiconductors, the South Korean tech giant said.
Friday’s groundbreaking ceremony was attended by Samsung Vice Chairman Jay Y Lee, his first official move since receiving a presidential pardon last week for his corruption conviction
“We are taking on a new challenge from the very place where we started 40 years ago to build our first semiconductor factory,” Lee, Samsung’s de facto leader, told executives and employees during of the ceremony.
“If we hadn’t made bold investments in R&D for next-generation products and the products that followed, there would be no semiconductor business for Samsung today. We need to continue our tradition of pre-emptive investing and pushing technology forward,” he added.
The facility will cover 109,000 square meters at Samsung’s Giheung Campus, located just south of Seoul and one of the company’s three main semiconductor production facilities, or fabs, in South Korea. Along with other campuses in Hwaseong and Pyeongtaek, it manufactures the company’s latest chips.
Samsung said it was looking to “break the boundaries of semiconductor scaling and solidify its competitive advantage in semiconductor technology” with the creation of the complex.
The company noted that its Giheung campus was where, in 1992, it developed the world’s first 64MB DRAM, a feat that propelled it to the rank of the world’s largest memory chip maker. following year, a position she still holds today.
In June, Samsung announced that it had started mass production of chips using its last 3nm process node. A global chip shortage over the past two years has been a boon for Samsung’s chip division as customers piled on inventory while allowing the South Korean tech giant and other contract chipmakers to expand. increase their service prices in the face of increased demand.
The company’s chip division represented for two-thirds of its operating profit in the second quarter of this year. Samsung also noted at the time that in foundry or contract chip production, it had its highest revenue for the quarter thanks to improved yield rates.
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