Samsung plans $18bn chip investment as Toshiba founders

Violet Tucker
July 5, 2017

By adding this amount to $13.5 billion (15.6 trillion KRW), which is the amount of investment for line 1 in Pyeongtaek, Samsung Electronics is investing total of $32.1 billion (37 trillion KRW) into expanding its semiconductor facilities at its business places in South Korea.

The rising popularity of smartphones, and the accompanying decline of the personal computer, has seen Samsung emerge as the chief rival to world's biggest maker of chips (not just memory chips), Intel.

Demand for 64-layer V-NAND chips is growing at an explosive rate due to the recent trends of the Internet of Things, artificial intelligence, big data and connected vehicles.

The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for long-term data storage chips. The fourth generation chip, according to Samsung, transmits data 50 percent faster than its predecessor, the 48-layer V-NAND chip.

Samsung is the largest manufacturer of memory chips in the world. However, the shortages are expected to remain through this year, as new production lines reportedly won't make meaningful supply contributions until 2018.

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"With the dedication and support of our employees, customers and partners, our new Pyeongtaek campus represents a new chapter in Samsung's semiconductor operations", said Kwon Oh-hyun, vice chairman and CEO of Samsung Electronics, at the ceremony.

Samsung also said Tuesday it would invest 6 trillion won in an existing plant in South Korea's Hwaseong, but did not specify the products involved.

The company will also make investments in its Hwaseong site to upgrade the infrastructure such as Extreme Ultra Violet (EUV) equipment. It is heard that Samsung is now discussing with South Korean Government and Chinese Government in order to construct additional line in Xi'an. The manufacturer laid out plans in May to invest roughly 10 trillion won at a plant in the Chinese city of Xi'an and recently said it would put $1.5 billion into a system chip factory in the USA state of Texas.

The Korean semiconductor leader is also considering a plan to construct its second chip plant in Xi'an, China, in addition to its first one built in 2014, it said.

Other reports by Guamnewswatch

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