Samsung raises logic chip investment to $150 billion

Samsung raises logic chip investment to $150 billion

Business news |
Samsung Electronics has said it plans to boost its investment in logic chip businesses to KRW171 trillion (about US$150 billion) by 2030.
By Peter Clarke

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The investment is being made in pursuit of Samsung’s goal of becoming the world leader in logic chips by 2030.

The sum is a 25 percent increase from the previous total given for the plan, given in April 2019, when Samsung said it would spend KRW133 trillion (about US4120 billion).

Samsing said in the near-term a wafer fab at Pyeongtaek would be completed in 2H22 and used for the production of 14nm DRAM and 5nm logic chips, both being made using extreme ultraviolet (EUV) lithography.

As part of the development Samsung is planning to expand its foundry business in competition with current foundry leader TSMC.

“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,” said Kinam Kim, head of device solutions at Samsung Electronics, in a statement. “For the memory business, where Samsung has maintained its undisputed leadership position, the company will continue to make pre-emptive investments to lead the industry.”

Related links and articles:

www.samsung.com

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