In order to maintain its leadership in chip technology, Samsung Electronics (005930.KS) announced on Friday that construction has begun at a new semiconductor research and development (R&D) centre in South Korea. By 2028, the company expects to invest nearly 20 trillion won ($15 billion) there.
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 the development of new technology based on a long-term roadmap, according to the world’s largest memory chip maker and second-largest chip contract manufacturer.
“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” it said in a statement.
Top executives and recently-pardoned Samsung Electronics Vice Chairman Jay Y. Lee were present at the groundbreaking ceremony.
“We need to continue our tradition of investing pre-emptively and emphasizing technology,” Lee said during the ceremony.
Later, Lee spoke with workers from the chip industry and separately with executives to discuss how to secure technology to increase semiconductor supremacy, according to Samsung.
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