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

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

India Blooms News Service | @indiablooms | 24 Apr 2019, 11:46 am

Seoul, Apr 24 (Xinhua) Samsung Electronics, South Korea's tech behemoth, said on Wednesday that it will invest 133 trillion won (116 billion US 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 US dollars) for domestic research and development (R&D) and 60 trillion won (52 billion US 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 US dollars) until 2030.

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