Samsung Elec raises non-memory chip investment to $151 billion through 2030


FILE PHOTO: The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019.

Samsung competes with bigger rivals Taiwan's TSMC in contract chip manufacturing and Qualcomm Inc in mobile processing chips.

Samsung will accelerate research and development of advanced chip contract manufacturing processes and construction of production lines, it said in a statement.

The South Korean electronics major added that its third chip production line at Pyeongtaek, south of Seoul, will be completed in the second half of 2022.

(Reporting by Joyce Lee; Editing by Rashmi Aich)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

   

Next In Tech News

PlayStation’s ‘wishlist’ for Cyberpunk sparks CD Projekt rally
Facebook can’t dodge EU-wide privacy orders, top court rules
Japan's trade minister unapologetic about ministry's dealings with Toshiba
Notorious ‘Anonymous’ hacker nabbed in Mexico, deported to US
EU court backs national data watchdog powers in blow to Facebook, big tech
Apple back in Washington spotlight over Trump-era subpoenas
Exclusive: India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies -sources
Please log into car: Volkwagen to let drivers use roaming profiles
Twitter adds 'Arabic (feminine)' language option in diversity drive
Apple debuts Beats Studio Buds, its AirPods for Android

Stories You'll Enjoy


Vouchers