Samsung Electronics' $15 billion investment in chip R&D center

A semiconductor research and development (R&D) complex under construction by Samsung Electronics in South Korea has broken ground, where the company plans to invest approximately 20 trillion won ($15 billion) by 2028 to drive the chip industry's leadership.

In addition to leading advanced research on next-generation memory and system chips, the new facility at Giheung, south of Seoul, will also develop new technologies based on long-term roadmaps, according to the world's largest memory chip maker and second-largest chip contract manufacturer.

In a statement, Samsung Electronics said it was striving to break semiconductor scaling limits.

19 August 2022