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Samsung Begins Chip Research Centre, Plans $15 Billion Investment By 2028

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Samsung Begins Chip Research Centre, Plans $15 Billion Investment By 2028
22 Aug 2022
5 min read

News Synopsis

In order to maintain its supremacy in chip technology, Samsung Electronics recently announced that construction has begun at a new semiconductor research and development (R&D) centre in South Korea. By 2028, the company aims to invest nearly 20 trillion won ($15 billion) there.

The new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as the development of new technology based on a long-term roadmap, according to the world's largest memory chip maker and second-largest chip contract manufacturer. Samsung Electronics stated in a statement that it "seeks to transcend the boundaries of semiconductor scaling."

Top executives and recently-pardoned Samsung Electronics Vice Chairman Jay Y. Lee were present at the groundbreaking ceremony. During the ceremony, Lee stated that "We need to continue our heritage of investing anticipatorily and stressing technology." Later, Lee spoke with workers from the chip industry and separately with executives to discuss how to secure technology to increase semiconductor supremacy, according to Samsung.

TWN In-Focus