Samsung Electronics Breaks Ground on New Chip R&D Center, Plans $15 Billion Investment by 2028
SEOUL, South Korea—Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 trillion won ($15 billion) by 2028 to drive leadership in chip technology.
The world’s largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap.
“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” it said in a statement….