Samsung Electronics has started building its new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about $15 billion by 2028 to drive leadership in chip technology.
Samsung, the largest memory chip maker and second-largest chip contract manufacturer stated that the new facility, 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.
“Our new state-of-the-art R&D complex will become a hub for innovation where the best research talent from around the world can come and grow together,” said President Kye Hyun Kyung, who also heads the Device Solutions (DS) Division. “We expect this new beginning will lay the foundation for sustainable growth of our semiconductor business.”
With the establishment of the new R&D facility, Samsung Electronics is seeking to overcome the limits of semiconductor scaling and solidify its competitive edge in semiconductor technology.
The ground breaking 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.
In November 2021 Samsung Electronics had announced it would build a new semiconductor manufacturing facility in Texas. The estimated $17 billion investment in the United States would help boost production of advanced logic semiconductor solutions that power next-generation innovations and technologies.
