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Samsung began construction of the most expensive plant
08.05.2021 [12:49],
Sergey Yurtaykin

Samsung Electronics begins construction of the most expensive plant in its history. The corporation also named the timing of the launch of production at this enterprise.

On Thursday, May 7, the groundbreaking ceremony for a semiconductor factory was held in Pyeongtaek City (70 km from Seoul). The ceremony was attended by the President of South Korea Park Geun-hye and about 600 representatives of government and other companies.

bloomberg.com

This plant will be invested 15.6 trillion won ($ 14.4 billion), which is Samsung’s largest investment project. At the production facility, which will begin work in the first half of 20021, it is planned to create 150 thousand. jobs and launch production with a total value of 41 trillion won ($ 37.8 billion).

At the Pyeongtaek factory, Samsung intends to produce either DRAM chips or mobile processors, depending on market conditions. In 2021, the corporation invested 14.3 trillion won ($ 13.2 billion) in the semiconductor business against 12.6 trillion won ($ 11.6 billion) a year earlier, Yonhap notes.

bloomberg.com

“The Pyeongtaek semiconductor plant will play a central role in strengthening the company’s leadership in the server and mobile device markets, where demand has grown rapidly, as well as increasing market share for the next generation IoT,” Samsung quoted Reuters as saying.

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