Samsung Vice President Jay Y Lee, second from left, attended the groundbreaking ceremony of the Korean tech giant’s new advanced chip research complex in South Korea. Image: Samsung
On Friday, Samsung said it will spend 20 trillion won, or $15 billion, by 2028 to build a new cutting-edge chip research complex in South Korea.
The new facility to be built at its Giheung campus will lead cutting-edge research into innovative new technologies and new wafer fabrication processes for memory and system semiconductors, the tech giant Korea said.
Friday’s groundbreaking ceremony was attended by Samsung Vice President Jay Y Lee, his first official move since he received The president pardoned last week for bribery
“We are facing a new challenge from the very site where we broke ground 40 years ago to build our first semiconductor factory,” said Lee, Samsung’s de facto leader. with executives and staff at the ceremony.
“If we hadn’t invested in bold R&D for next-generation products and the products that come after, there wouldn’t be a semiconductor business for Samsung today. We need to continue our investment tradition. advance and emphasize technology,” he added.
The facility will cover 109,000 square meters at Samsung’s Giheung campus, located just south of Seoul, and is one of the company’s three main semiconductor manufacturing facilities, or fabs, in South Korea. Along with other facilities in Hwaseong and Pyeongtaek, it manufactures the company’s latest chips.
Samsung said it is looking to “break through the limits of semiconductor scale and strengthen its competitive advantage in semiconductor technology” with the creation of the complex.
The company notes that its Giheung campus is where, in 1992, they developed the world’s first 64Mb DRAM, a feat that made them the world’s largest memory chip maker the following year. position that the company retains to this day.
In June, Samsung announced that it started mass production of chips using Latest 3nm process node. The global chip shortage of the past few years has been a boon for Samsung’s chip division, as customers pile up inventories while it also allows the South Korean tech giant and contract chipmakers to Other currencies raise the price of their services due to a spike in demand.
The company’s chip division has accounted for for two-thirds of operating profit in the second quarter of this year. Samsung also noted at the time that in foundry or contract chip manufacturing, it posted the highest revenue for the quarter thanks to improved productivity rates.
