We got the best Samsung deals! Galaxy S24 Ultra, Watch 6, Z Fold 5 or, Z Flip 5.

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

Notifications
    News for you

    Samsung is spending $15 billion on a new semiconductor chip research facility

    Business
    By 

    Last updated: August 19th, 2022 at 09:03 UTC+02:00

    Samsung has announced that it has started working on a new research and development facility for semiconductor chips. The new plant is coming up at its Giheung Campus in Yongin, Gyeonggi Province, in South Korea, and the company is spending KRW 20 trillion (around $15 billion) on this facility by 2028.

    Samsung Electronics Vice President, Lee Jae-Yong, was present at the groundbreaking ceremony that was held earlier today. Over 100 other Samsung officials, including Device Solutions CTO Jeong Eun-Seung, Jin Kyo-Young (President of SAIT), Lee Jeong-Bae (Director of Memory Business Division), Siyoung Choi (President of Samsung Foundry), and Yong-In Park (President of System LSI), and employees were present for the ceremony.

    This is Lee's first official move since he received the presidential pardon last week in a case related to bribery. The South Korean firm's Giheung Campus is where the company started manufacturing its first semiconductor chips over 40 years ago. It is also the place where it manufactured its first 64MB DRAM in 1992.

    The new semiconductor facility will cover 109,000 square meters and play the role of a critical research base for the company in semiconductor R&D fields such as fabless system semiconductor design, foundry, and memory. The dedicated semiconductor R&D line will be operational sometime in 2025.

    Samsung's chip division has contributed significantly to the company's success over the past few years, especially since the chip shortage after the COVID-19 pandemic. It contributed 2/3rd of the company's operating profit in Q2 2022. The South Korean firm recently started the mass production of the world's first 3nm chips.

    Although it is among the only two firms (apart from TSMC) capable of manufacturing chips using 7nm or better technologies, it has been losing clients for a few years due to yield and power efficiency issues. It is being reported that the company's 3nm chips will be better due to the GAA (Gate All Around) technology that improves power efficiency and performance.

    Business Samsung FoundrySamsung ResearchSamsung SemiconductorSouth Korea

    You might also like

    Samsung may be looking to launch a super app for mobile banking

    Samsung may be looking to launch a super app for mobile banking

    The concept of super apps has been around for a while. The idea is fairly simple, provide users with much of what they want within one single app. China's WeChat is the epitome of a super app. This idea has been executed in different segments and has the most potential for mobile banking. Perhaps that's […]

    • By Adnan Farooqui
    • 16 mins ago
    Galaxy S24 gets April 2024 update with camera improvements

    Galaxy S24 gets April 2024 update with camera improvements

    Samsung has started rolling out the April 2024 security update to the Galaxy S24 series. The update is currently rolling out in South Korea and could be released in other countries within a matter of days. It is surprising to see the April 2024 update arrive even before March has ended. April 2024 security update […]

    • By Asif Iqbal Shaik
    • 44 mins ago
    Next-gen Galaxy phones will have faster storage for on-device AI

    Next-gen Galaxy phones will have faster storage for on-device AI

    It's been a couple of years since Samsung Semiconductor announced the UFS 4.0 non-volatile memory for mobile devices. Samsung has since used UFS 4.0 for the Galaxy S23 series, the 2023 foldable phones, and the latest Galaxy S24 lineup. Now, the company is getting ready to advance to the next step. Samsung Semiconductor revealed a […]

    • By Mihai Matei
    • 6 days ago
    Samsung Wallet gets driver’s license integration in Korea

    Samsung Wallet gets driver’s license integration in Korea

    Samsung Wallet is getting the Mobile Driver's License and Mobile National Veterans Registration Card integration feature in South Korea. Samsung and the Ministry of Public Administration and Security launched this feature in South Korea earlier today. South Korea's Ministry of Public Administration and Security has announced that displaying one's driver's license and national veterans registration […]

    • By Asif Iqbal Shaik
    • 6 days ago
    Samsung to launch its own AI accelerator chip called Mach-1 in 2025

    Samsung to launch its own AI accelerator chip called Mach-1 in 2025

    Samsung launched its first AI phone, the Galaxy S24, earlier this year. Before that, the South Korean firm launched its own Large Language Model (LLM) called Samsung Gauss, which powers some of the AI features on the Galaxy S24. It is reported that Samsung will launch its own AI accelerator chip next year. Samsung's first […]

    • By Asif Iqbal Shaik
    • 6 days ago
    Samsung expects $100 million revenue from chip packaging business

    Samsung expects $100 million revenue from chip packaging business

    Samsung Electronics held its 55th annual general shareholders meeting today at the Suwon Convention Center in Suwon, Gyeonggi-do, South Korea. The company revealed its strategy for this year and expects revenue of $100 from its chip packaging business. The company's 55th annual general shareholders meeting was attended by general shareholders, institutional investors, and top-level management […]

    • By Asif Iqbal Shaik
    • 6 days ago