Samsung Elec breaks floor on new chip R&D centre, plans $15 billion funding by 2028

SEOUL (Reuters) – Samsung Electronics mentioned on Friday it broke floor at a brand new semiconductor analysis and improvement (R&D) advanced in South Korea, the place it plans to take a position about 20 trillion received ($15 billion) by 2028 to drive management in chip expertise.

The world’s largest reminiscence chip maker and second-largest chip contract producer mentioned the brand new facility at Giheung, south of Seoul, will lead superior analysis on next-generation gadgets and processes for reminiscence and system chips, in addition to improvement of recent tech primarily based on a long-term roadmap.

“Samsung Electronics is searching for to beat the boundaries of semiconductor scaling,” it mentioned in a press release.

The groundbreaking ceremony was attended by newly-pardoned Samsung Electronics Vice Chairman Jay Y. Lee and high executives.

“We have to proceed our custom of investing pre-emptively and emphasizing expertise,” Lee mentioned in the course of the ceremony.

Lee later met chip enterprise staff and individually met with executives to debate methods to safe expertise to broaden semiconductor management, Samsung mentioned.

($1 = 1,327.7500 received)

(Reporting by Joyce Lee; modifying by Richard Pullin)