SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung to invest $115 billion in logic chip development by 2030

Business
By 

Last updated: April 24th, 2019 at 15:04 UTC+02:00

Samsung Electronics has announced that it will set aside an eye-watering $115 billion to take on Intel and Qualcomm in the advanced semiconductor business, releasing $9.6 billion of the fund per annum for the next decade or so. The investment should help the firm reach its long-standing goal of becoming the world leader in the logic chip market by the time 2030 swings around.

Right now, Samsung Electronics sits at the top of the declining memory market. The funding will aid its efforts in strengthening its non-memory semiconductor business, which includes contract chip manufacturing — known as foundry — and the development of its Exynos mobile processors; while also opening up 15,000 new career opportunities in R&D and production over the period.

Samsung will leverage its technology to sell more chips

Samsung Electronics, which employs around 100,000 people in Korea, will spend $52 billion on the maintenance of local production infrastructure. The remainder of the fund will be poured into R&D, with the intention of developing innovative components that are superior to that of foundry market champion TSMS, in a bid to win over its largest clients, and furthering its Exynos processors.

The move seems to be a direct response to the drop in demand Samsung Electronics has been experiencing in the memory sector as of late. The firm said in the past that it would attempt to circumvent the impact of the fall in orders with a big push into the non-memory market — and now we know it’s going to use a cash injection to the tune of $115 billion to make that a reality.

Via Source Business Samsung Electronics
Load 4 comments

You might also like

Samsung halts component orders amid fears of oversupply and global inf …

Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. T …

  • By Mihai Matei
  • 1 week ago

Japanese airline reminds us that a Galaxy Z global rebranding is due

Japanese airline Zipair is removing the “Z” logo from the side of its planes to avoid being associ …

  • By Mihai Matei
  • 1 week ago

Samsung leads smartphone shipments in Europe as the market hits new lo …

The European smartphone market suffered a setback in the first quarter of the year, and Samsung also experienc …

  • By Mihai Matei
  • 1 week ago

Samsung to relocate 300 workers from closed TV LCD division to chip un …

According to insider sources, Samsung is planning to move around 300 workers from its now-closed TV LCD panel …

  • By Sagar Naresh
  • 1 week ago

Samsung Electronics’ stock price has reached its lowest point in …

Samsung Electronics’ stock price has hit a new low today. The downturn in the semiconductor market and c …

  • By Mihai Matei
  • 2 weeks ago

[Update] Samsung’s QN95B Neo QLED TV appears to be cheating in H …

Update: Samsung’s statement on the matter is as follows: “Samsung Electronics does not use any algorit …

  • By Mihai Matei
  • 2 weeks ago