Samsung to spend $230 billion on 5 advanced chip factories
Technology

Samsung to spend $230 billion on 5 advanced chip factories

In an effort to gain a competitive edge in the market and strengthen its own supply chain, Samsung Electronics announced that it will spend Rs 300 trillion won over the next 20 years to create the largest semiconductor cluster in the world in the Seoul metropolitan region.

The planned chip cluster will be constructed in Yongin, Gyeonggi Province, and will include five cutting-edge chip fabrication facilities as well as about 150 component, component-related, and fabless companies.

In order to more effectively prepare for a future in which machines powered by artificial intelligence will play a larger part in human life, Samsung will also expand its robotics business this year.

Han Jong-hee, Vice Chairman, Samsung Electronics, stated at an annual shareholders meeting in Suwon, 34 kilometres south of Seoul, that the South Korean tech giant "will strengthen core technologies necessary to develop various robots, and expand our product portfolio to enable users to have useful experiences (in the field)".

Han stated that the immensely well-liked ChatGPT, an AI-based chatbot system introduced by OpenAI, will have a favourable effect on Samsung's chip industry.

Also read:
Shriram Finance looking to sell stake in housing finance arm
1,350 projects sanctioned for developmental schemes in the NE


In an effort to gain a competitive edge in the market and strengthen its own supply chain, Samsung Electronics announced that it will spend Rs 300 trillion won over the next 20 years to create the largest semiconductor cluster in the world in the Seoul metropolitan region. The planned chip cluster will be constructed in Yongin, Gyeonggi Province, and will include five cutting-edge chip fabrication facilities as well as about 150 component, component-related, and fabless companies. In order to more effectively prepare for a future in which machines powered by artificial intelligence will play a larger part in human life, Samsung will also expand its robotics business this year. Han Jong-hee, Vice Chairman, Samsung Electronics, stated at an annual shareholders meeting in Suwon, 34 kilometres south of Seoul, that the South Korean tech giant will strengthen core technologies necessary to develop various robots, and expand our product portfolio to enable users to have useful experiences (in the field). Han stated that the immensely well-liked ChatGPT, an AI-based chatbot system introduced by OpenAI, will have a favourable effect on Samsung's chip industry. Also read: Shriram Finance looking to sell stake in housing finance arm 1,350 projects sanctioned for developmental schemes in the NE

Next Story
Real Estate

Concorde Acquires 3 Acre in Hennur for Premium High-Rise Project

In a strategic expansion move, Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. The upcoming project will feature a saleable built-up area of approximately 4.25 lakh sq. ft., with an estimated Gross Development Value (GDV) of Rs 5 billion. Scheduled for launch in FY 2026–27, the development will offer 2 and 3 BHK premium residences designed to appeal to discerning urban homebuyers seeking elevated, community-centric living in one of the city's fastest-growing corridors. “This investment underlines our commitme..

Next Story
Real Estate

JP Infra Launches Monsoon Fest 2025 for Homebuyers

JP Infra, one of Mumbai’s most trusted real estate developers, has announced the launch of ‘Monsoon Fest 2025’, a limited-period campaign offering exclusive privileges across its residential projects in Mira Road, Thane, and other key locations. Running from 16th June to 31st July 2025, the Monsoon Fest presents a curated package of benefits for homebuyers. Every booking comes with an assured premium White Goods voucher from leading brands. Buyers can also choose one of three value-added offers: 50 per cent waiver on stamp duty Modular kitchen Fully furnished home&nbs..

Next Story
Infrastructure Urban

LANXESS Resin Removes Short-Chain PFAS From Water

Speciality chemicals company LANXESS has launched Lewatit MDS TP 108, a new ion exchange resin designed for the efficient removal of short-chain per- and polyfluoroalkyl substances (PFAS) from water. These PFAS compounds—characterised by having three or fewer carbon atoms—are among the smallest and most challenging to eliminate through conventional water purification methods.Lewatit MDS TP 108 marks a significant advancement in the treatment of contaminated water, particularly where traditional technologies such as activated carbon adsorption fall short. The new resin offers a service life..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?