Samsung Electronics plans to invest as much as $15 bln by 2028 in its Chip R&D department

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    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.

    credit: economictimes

    “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.

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    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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