Samsung will invest $90 billion in Korean region for battery, chip, OLED production

Samsung announced earlier today that it will invest more than KRW 140 trillion (~$90 billion) in South Korea’s Chungcheong region for the research and development and production of OLED panels, high-bandwidth memory (HBM), next-generation batteries, and high-performance semiconductor packaging substrates.

This investment will be distributed among Samsung Display, Samsung Electronics, Samsung Electro-Mechanics, and Samsung SDI. Together, these investments are expected to create around 250,000 high-quality jobs, providing a significant boost to South Korea’s economy.

Samsung Display will invest in its state-of-the-art plant in Asan to expand the production of OLED panels for automobiles, humanoid robots, laptops, monitors, smart glasses, smartphones, smartwatches, and extended reality (XR) headsets.

Samsung Electronics will invest in establishing a next-generation HBM production hub with five new HBM manufacturing lines in the Chungcheong and Onyang regions. This expansion will help the company increase HBM output. Since the AI boom began, demand for HBM has significantly outpaced supply, and Samsung could generate billions of dollars in additional revenue by expanding production over the next few years.

Samsung Electro-Mechanics will expand its manufacturing facilities for AI server packaging substrates in Sejong. The company will also invest in research and development for advanced semiconductor packaging technologies and support talent development in the Chungcheong region.

Samsung SDI, which manufactures batteries for a wide range of products, will expand its “Motherline” production facility in Cheonan. This investment will help the company standardize and commercialize its next-generation battery technologies.