Samsung Electronics announced that it will increase its investments in its system LSI and foundry businesses through 2030 to a total of KRW 171 trillion. The increase of KRW 38 trillion compared to its previous investment plan announced in April 2019 will go towards accelerating research of cutting-edge semiconductor process technology and construction of a new production facility, the company said.
The extra investment is expected to help the company reach its goal of becoming the world leader in logic chips by 2030. It is already the world's second-largest chipmaker by revenue.
The company also announced that it has begun construction of another new production line in Pyeongtaek, Korea, which is expected to be completed in the second half of 2022. The facility will produce 14-nm DRAM and 5-nm logic semiconductors, both based on extreme ultraviolet lithography machines.
Kinam Kim, Vice Chairman and Head of the Device Solutions Division at Samsung, said it was a "watershed moment" for the semiconductor industry, making it important to plan out a long-term strategy. The company's announcement coincided with the South Korean government unveiling plans for new industry incentives to support the local chip manufacturing sector.
