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Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028
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SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 trillion won ($15 billion) by 2028 to drive leadership in chip technology.
SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 trillion won ($15 billion) by 2028 to drive leadership in chip technology.
The world’s largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap.
“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” it said in a statement.
The groundbreaking ceremony was attended by newly-pardoned Samsung Electronics Vice Chairman Jay Y. Lee and top executives.
“We need to continue our tradition of investing pre-emptively and emphasizing technology,” Lee said during the ceremony.
Lee later met chip business employees and separately met with executives to discuss ways to secure technology to expand semiconductor leadership, Samsung said.
($1 = 1,327.7500 won)
(Reporting by Joyce Lee; editing by Richard Pullin)
Semiconductor technology refers to the materials and processes used to create electronic components, such as transistors and diodes, which are essential for modern electronic devices.
Research and development (R&D) is the process of investigating and developing new products or technologies, often involving significant investment to innovate and improve existing solutions.
Investment in technology involves allocating resources, such as capital or time, to develop or acquire new technologies that can enhance productivity, efficiency, or competitive advantage.
Chip manufacturing is the process of producing semiconductor chips, which are used in various electronic devices, including computers, smartphones, and other digital equipment.
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