Samsung Wants To Increase Its Dominance In The Chip Market

Jul

5

2017

Samsung Electronics announced Tuesday that it intends to inject nearly $ 18 billion in new investment into the development of its semiconductor manufacturing facilities in South Korea, where the company wants to expand its dominance in the global memory chip market amid booming demand for storage products and smartphones And memory chips.

Although consumers have linked the brand primarily to smart phones and televisions, Samsung is the world’s largest maker of memory chips, according to data released by Bloomberg. Semiconductors generated almost half of South Korea’s operating revenue in 2016.

The company said in a statement today that by 2021 investment in the Pyeongtaek plant, which has already pumped $ 13.5 billion, will rise to $ 26 billion along with another $ 5 billion to boost production at Hwaseong .

The factory in Pyeongtaek, 70 kilometers south of the capital Seoul, is the world’s largest maker of chips, and production has begun recently after Samsung Electronics paid a lot of money over the past two years to build it.

Samsung’s investment announcement coincides with the start of a huge chip production at the Pyeongtaek plant, where demand for semiconductors is expected to increase in the coming years depending on developments in such fields as automotive, industrial intelligence and the Internet.

The company also plans to expand the NAND chip factory in Xi’an, China, to meet the booming demand for chips used in high-end storage products, but did not elaborate on the timing and amount of funds it plans to invest in.

Samsung accounted for more than 40 percent of global memory chip sales in the first quarter of this year, and the company indicated that its investment would ultimately help create as many as 440,000 jobs by 2021, and indirectly help boost the fourth The largest economy in Asia.

Viewing:-132

In: Technology & Gadgets Asked By: [17511 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »