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Samsung breaks ground on $15 billion chip R&D center

Business news |
By Peter Clarke


Samsung Electronics has broken ground on a semiconductor R&D facility in Giheung, Korea, where it plans to spend KRW 20 trillion (about US$15 billion) by 2028.

Samsung Electronics has broken ground on a semiconductor R&D facility in Giheung, Korea, where it plans to spend KRW 20 trillion (about US$15 billion) by 2028.

The complex covers an area of 109,000 square meters within the company’s Giheung campus where it plans to perform research on devices and manufacturing processes for memory and logic semiconductors and innovate technologies.

The groundbreaking ceremony was attended by Samsung Electronics vice chairman Jay Y Lee as well as CEO Kye Hyun Kyung and leaders of Samsung’s memory, foundry and LSI businesses.

The Giheung R&D facility is close to an R&D line in Hwaseong and the world’s largest semiconductor production complex in Pyeongtaek.

Related links and articles:

www.samsung.com

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