Samsung Electronics to Invest $116 billion in Logic Chips by 2030

Samsung Electronics to Invest $116 billion in Logic Chips by 2030 Image Credit: Samsung

Samsung Electronics announced that it will invest KRW 133 trillion ($115 billion) by 2030 to strengthen its competitiveness in in non-memory chips.

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 ($63 billion) 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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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