September 29, 2022
Samsung Electronics to Build New Chip R&D Centre By 2028 For $15 Bln

In order to maintain its leadership in chip technology, Samsung Electronics announced on Friday that construction had begun at a new semiconductor research and development (R&D) complex in South Korea. By 2028, the company intends to make an investment of about 20 trillion won ($15 billion) in the facility.

The new facility at Giheung, south of Seoul, will conduct advanced research work for developing next-generation devices and processes for memory and system chips. The facility will also be used for the development of new technology based on a long-term roadmap, according to the largest memory chip maker and second-largest chip contract manufacturer in the world.

“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” it said in a statement.

Top executives and recently-pardoned Samsung Electronics Vice Chairman Jay Y. Lee were present at the groundbreaking ceremony.

“We need to continue our tradition of investing pre-emptively and emphasizing technology,” Lee said during the ceremony.

Later, Lee spoke with workers from the chip industry and separately with executives to discuss how to secure technology to increase semiconductor leadership, according to Samsung.

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