Samsung Announces $90 Billion Investment in Central South Korea

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Samsung has announced a massive 140 trillion won ($90 billion) investment plan in Chungcheong, South Korea’s central region. The investment will focus on cutting-edge technologies such as AI memory chips, OLED displays, batteries, and semiconductor packaging. This could make Chungcheong a global hub for materials and components.

Samsung distributes its investment across key subsidiaries

Samsung announced its investment project at a meeting held at Samsung Display’s Asan plant. The Korean firm will share investment across its affiliates. These include Samsung Electronics, Samsung Display, Samsung SDI, and Samsung Electro-Mechanics. The company also aims to create about 250,000 high-quality jobs.

Samsung Electronics plans to make five new HBM production lines in the Onyang area. The company also aims to expand its HBM-compatible facilities in Cheonan. As such, it will be able to establish the next-generation HBM Hub. The goal is to fulfill the increasing demand for AI chips in the industry.

Samsung Display will expand its OLED production lines in the Asan region. The company aims to make high-quality displays for smartphones and IT, XR, automotive, and wearable devices. It also plans to develop advanced displays for humanoid robots.

Samsung SDI, the company’s battery arm, will establish a motherline facility in Cheonan. This production line will be used to verify next-generation battery technology. “Through this, we plan to lay the foundation to spread verified technology globally,” said Samsung.

Samsung Electro-Mechanics will expand its production of package substrates in Sejong. These components play a key role in connecting semiconductor chips in AI servers. The company will also invest in research and development to improve core technologies and cultivate talent.

Note that Samsung’s investment in Chungcheong is part of its larger investment plan for South Korea. The company will invest KRW 2,665 trillion (about $1.72 trillion) over the coming years. The goal is to expand its semiconductor business.

Written by

Binay Konwar

Binay Konwar started his blogging journey in 2014 and has since written plenty of tech articles. At present, he is working as a News Writer at SammyGuru, covering everything about Samsung. He holds a Master's degree in Mathematics, but his real passion lies in tech and writing. In his free time, he enjoys playing chess and watching movies.

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