To Invest 240 Tril. Won over 3 Years in Semiconductor, Biotechnology
Samsung Electronics released a new investment plan on Aug. 24. At least 50 trillion won is expected to be invested in the system-on-chip industry for three years to come, and it is likely to include US$17 billion for another foundry in the United States.
In addition, the company is expected to build advanced foundry facilities in Pyeongtaek and hire engineers in order to improve its 3-nm process technology.
Another purpose of the investment is to keep ahead in the memory chip sector, where it has kept a dominant position. Micron Technology recently succeeded in producing the world’s first fourth-generation 10-nm DRAM without EUV lithography. In the NAND flash industry, Micron Technology and SK Hynix recently completed the development of 176-layer products.
In the memory chip sector, Samsung Electronics is planning to initiate the mass production of 14-nm DRAM chips in the second half of this year and make a large investment in order to produce EUV DRAMs and NAND flash products with at least 200 layers ahead of its previous schedule. This investment is expected to boost Samsung Electronics’ price competitiveness in the sector.
Samsung Electronics announced on Aug. 24 that it would invest 240 trillion won for three years to come in the industries including semiconductor and biotechnology. After the news, the stock price of Samsung Electronics rose more than 3 percent, which is for the first time since Feb. 25. The stock prices of other Samsung Group subsidiaries rose as well, including Samsung C&T (1.94 percent) and Samsung Life Insurance (2.5 percent).