S.Korea's Samsung Electronics to invest 116 bln USD in logic chips by 2030

0 Comment(s)Print E-mail Xinhua, April 24, 2019
Adjust font size:

SEOUL, April 24 (Xinhua) -- Samsung Electronics, South Korea's tech behemoth, said on Wednesday that it will invest 133 trillion won (116 billion U.S. dollars) in nonmemory semiconductors, also called logic chips, by 2030.

The world's biggest memory chip manufacturer said in a statement that it will make the investment to strengthen its competitiveness in system LSI, which stands for the large-scale integrated circuit, and foundry businesses.

The investment will be composed of 73 trillion won (64 billion U.S. dollars) for domestic research and development (R&D) and 60 trillion won (52 billion U.S. dollars) for production infrastructure.

Samsung said the investment was forecast to help reach its goal of becoming the world leader in not only memory chips but also logic chips by 2030.

It planned to hire 15,000 experts in the R&D and production for system LSI in a bid to bolster technological prowess.

Under the long-term plan, the investment in R&D and facilities for logic chips per year was forecast to amount to an average of 11 trillion won (9.6 billion U.S. dollars) until 2030. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter