Samsung Group to Invest $90 Billion in South Korea’s Central Region
Synopsis
Samsung Group plans to invest $90 billion in South Korea’s Chungcheong region, expanding semiconductor, battery, display and AI chip packaging production through multiple affiliates.
Key Highlights
- Samsung Group to invest $149 trillion Won in Chungcheong, South Korea.
- 67 trillion Won will be invested in the production of display panels.
- Samsung Electronics plans to invest 56 trillion Won in high-bandwidth memory chip packaging facilities.
- Samsung SDI will invest 9 trillion Won in next-generation battery production and research.
- Samsung Electro-Mechanics will spend 8 trillion Won on AI chip packaging material.
Samsung Group has unveiled plans to invest 140 trillion Won ($90 billion) in South Korea’s central Chungcheong province to enhance production of display panels, batteries, semiconductors and chip materials.
Samsung Display CEO Yi Chung unveiled the plans while attending an event with South Korean President Lee Jae Myung. This announcement comes following the launch of the group’s wider investment plans earlier this week.
Display and Bulk Chip Manufacturing
Samsung Display will spend 67 trillion Won on facilities in Asan and Cheonan while Samsung Electronics will invest 56 trillion Won to construct high-bandwidth memory (HBM) chip packaging plants in Onyang and Cheonan. The investment is part of the group’s plant fateful polymer semiconductor and display manufacturing capabilities.
Battery and AI Materials Expansion
Samsung SDI is to invest 9 trillion Won ($6.75 billion) in Cheonan until 2040 for production and research and development of next-generation batteries In the meantime, Samsung Electro-Mechanics will invest 8 trillion Won by 2040 for Sejong to manufacture state-of-the-art chip packaging materials for AI servers and nurture domestic talent.
Source: Reuters
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