Samsung Electronics To Advance Start Of Chip Factory In Yongin To 2029
I
Indian ExpressVerified Publisher
Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructur Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up...
Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.
Under the plan, the government hopes South Korea can double its memory-chip production capacity within five years by speeding up the construction of fabs by Samsung and SK Hynix in Yongin, and building a new chip cluster in Gwangju city.
Samsung Electronics “plans to begin operations at its first fabrication plant in Yongin by 2029, which is one to two years ahead of the original schedule,” a spokesperson said in a statement.