Samsung rolls out $115 billion plan to become biggest chip maker

Posted on Wednesday, April 24 2019 @ 10:34 CEST by Thomas De Maesschalck
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South Korean tech giant Samsung revealed a 133 trillion won ($115 billion) plan to become the world leader in processors by 2030. About 55 percent of the figure is earmarked for research & development, while the remainder will be invested in production capacity. Samsung is already the biggest maker of memory chips and it seems it's now gunning to dethrone Intel. Overall, the announcement is pretty light on details.
Samsung Electronics, a world leader in advanced semiconductor technology, today announced that it will invest KRW 133 trillion by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030. The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

The investments through 2030 will be composed of KRW 73 trillion for domestic R&D and KRW 60 trillion for production infrastructure. Per this plan, investments in R&D and facilities for logic semiconductors are expected to amount to an average KRW 11 trillion per year until 2030.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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