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Samsung spending $15 billion on a new semiconductor chip R&D center in South Korea
Today, Samsung held a ground-breaking ceremony for a new semiconductor research and development (R&D) center in the Jixing Park in Yongin City, Gyeonggi-do, South Korea. The research center covers an area of approximately 109,000 square meters and was established to advance Samsung’s memory, system semiconductor, and foundry technologies.
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Lee Jae -Yong’s first public schedule after he was pardoned and returned to the front line of business on Liberation Day. He said that it has been 40 years since the company’s Qixing semiconductor factory broke ground, and today it is here to start a new challenge again.
Without bold investment in R&D, Samsung Semiconductor would not be what it is today. Let us adhere to the tradition of “focusing on technology and investing first” and create the future with unprecedented new technologies.
According to reports, the park is Samsung Electronics’ new R&D center in China after 8 years since 2014. A Samsung Electronics official said that if a research and development center with cutting-edge equipment is built, it is expected to shorten the development time of a new generation of products and improve the quality of semiconductors.
Samsung Electronics said: They plan to invest 20 trillion won (around USD 15 billion) to build new facilities by 2028, and will use the new complex as a research center for system chips. The center complex will have an exclusive assembly line by 2025.