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

Samsung is increasing its semiconductor chip investment to $151 billion

Business
By 

Last updated: May 13th, 2021 at 10:17 UTC+02:00

Samsung is among the world’s leading semiconductor chip brands, and it had announced in 2019 that it will invest more than $115 billion by 2030 into its logic chip businesses. Now, the South Korean tech giant has announced that it is raising the investment target to a whopping $151 billion. This development comes amid the worst global chip shortage in decades.

The company announced earlier today that it has decided to invest an additional KRW 38 trillion (around $33.5 billion) into its logic chip businesses, increasing its target to KRW 171 trillion (around $151). This capital will be used in the development of advanced technologies and the expansion of its chip production capacity. The company has two logic chip businesses: Samsung Foundry (designs logic chips) and System LSI (contract manufactures chips for other brands). Samsung is investing in System LSI to accelerate its growth in new-age technologies like 5G, AI, and autonomous driving.

It also announced that it has started the construction of a new chip plant called P3 in Pyeongtaek, South Korea. The new plant will start the mass production of 14nm DRAM chips and 5nm EUV-based processors by the second half of 2022. It is being reported that the P3 plant will open six months ahead of the original schedule, which means that the company will be flexible in terms of what it will fabricate at the facility.

Dr. Kinam Kim, Vice Chairman and Head of Device Solutions Division at Samsung Electronics, said, “The entire semiconductor industry is facing a watershed moment and now is the time to chart out a plan for long-term strategy and investment. For the memory business, where Samsung has maintained its undisputed leadership position, the Company will continue to make preemptive investments to lead the industry.

Samsung is the world’s largest memory chip maker by revenue and market share, and it often launches the industry’s best and newest technologies. A few days ago, it unveiled the industry’s first CXL-based DRAM units that will be used in AI and cloud servers by various brands. However, in the foundry segment, it is the second-biggest brand after TSMC. TSMC usually beats Samsung in launching more advanced chip fabrication processes and the South Korean firm’s target is to defeat TSMC by the end of 2030.

Business Samsung FoundrySamsung SemiconductorSystem LSI
Load 0 comments

You might also like

Samsung unveils ISOCELL HP3, its second 200MP camera sensor

After launching its first 200MP camera sensor for smartphones ten months ago, Samsung has unveiled its second …

  • By Asif Iqbal Shaik
  • 12 hours ago

Samsung to push 3nm chipsets into mass-production next week

Samsung is reportedly days away from announcing that it is ready to mass-manufacture 3nm semiconductors. In tu …

  • By Mihai Matei
  • 1 day ago

Samsung rival TSMC building four new 3nm semiconductor chip plants

Since the world’s reliance on technology and computing is increasing each day, semiconductor chips are i …

  • By Asif Iqbal Shaik
  • 3 days ago

TSMC to compete with Samsung by making 3nm chips this year, 2nm chips …

Samsung Foundry has been chasing TSMC in the chip manufacturing segment for quite a few years, but it hasnR …

  • By Asif Iqbal Shaik
  • 6 days ago

Samsung to get additional EUV lithography chip making equipment from A …

After having met Dutch PM, Samsung Electronics Vice Chairman Lee Jae-Yong has reportedly secured EUV lithogra …

  • By Sagar Naresh
  • 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