Samsung will invest $18 billion in chip production

Samsung invests $18.6 billion in South Korea

Samsung invests $18.6 billion in South Korea

Samsung Electronics plans to invest at least $18.6 billion in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones. Global tech companies have been increasing servers and data centers to handle more data from mobile devices and auto vehicles and also on expectations that adoption of artificial intelligence would create even more demand for handling data. This spat has delayed adding an extra fabrication unit to a Japanese plant run by the two firms, keeping Toshiba from meeting frothing demand as worldwide competitors ramp up production.

NAND flash memory is a type of nonvolatile storage medium that does not require power to retain data. This fab, claimed to be the single largest in the industry, is now making 64-layer 4th generation V-NAND flash chips.

Samsung is the largest manufacturer of memory chips in the world.

It had been providing the chips confidentially to a selected number of customers since late past year, but had put off their mass production until the completion of the new Pyeongtaek fabrication line.

Samsung Electronics Co. on Tuesday celebrated the first shipment of three-dimensional VNAND flash memory from its new fab in Pyeongtaek, Gyeonggi.

David Desper: Full Story & Must-See Details On Murder Suspect
While speaking to reporters on Thursday, Chester County District Attorney Tom Hogan also directly addressed the other driver. Police reviewed video tapes from surveillance cameras along Route 100, as well as neighboring residences and businesses.

In a company statement issued Tuesday, Samsung announced that by 2021 investments in its Pyeongtaek plant-which has already seen 15.6 trillion won ($13.5 billion) of spending-would rise to 30 trillion won ($26 billion).

In response to rising market needs, Samsung, across both Samsung Electronics and Samsung Display, plans to reinforce its manufacturing capabilities by investing more than 37 trillion won into its global production facilities. It will invest 6 trillion won in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.

Samsung Display is reviewing plans to establish a new organic light-emitting diode manufacturing site in Asan, South Chungcheong Province, by 2018.

China is trying to grow its own memory chip producers but it may take several years before Chinese companies can compete with existing makers. Samsung's first semiconductor line in Xi'an, which was completed in 2014, is now in full operation.

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