Ad
Ad
Ad
Ad
Ad
Ad
Ad
© samsung Components | October 06, 2014

Samsung to invest $14.7 billion in new chip facility

The South Korean tech-giant is making a rather big investment back home. The company is investing roughly USD 14.7 billion in the construction of a new semiconductor fabrication plant in Pyeongtaek, Korea.
The company has signed a memorandum of understanding (MOU) to construct the new semiconductor fabrication plant in the company’s Godeok Industrial Complex in Pyeongtaek. Samsung will invest approximately KRW 15.6 trillion or USD 14.7 billion in the construction of the new site..

“Our investment into the new fabrication plant will significantly influence the shaping of Samsung’s future semiconductor business,” said Dr. Oh-Hyun Kwon, CEO and Vice Chairman of Samsung Electronics, in a statement

Construction of the 790'000 square meter site will begin during the first half of 2015, and operations are scheduled to begin sometime during the second half of 2017.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
October 16 2017 2:56 PM V8.8.6-2