Samsung to invest $3.4 billion in new chip line

Samsung Electronics plans to invest some 4 trillion won (about $3.4 billion) to build a new chip plant in Hawseong, Gyeonggi Province, where its key chip lines are located, Samsung officials said, Friday. The new line, the 17th, will start commercial operation within the first half of 2014.

Samsung, however, is highly likely to skip the groundbreaking ceremony for the plant, the officials said. The latest factory-building plan is a part of this year’s 15 trillion won investment plan in chips by Samsung, the officials said.The new line will only produce profitable non-memory and foundry chips, according to the officials.

Samsung is also planning to switch some of its existing memory chip-producing lines into non-memory chips, though the company declined to confirm.

For full article see Korea Times.

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