Samsung invests 16 billion euros in new chip factories
Samsung invests 16 billion euros in new chip factories
Samsung to invest $18bn in chips
05 July, 2017, 00:29
It took about two years of construction after breaking ground in May 2015 with a total of 15.6 trillion won worth of investment.
In addition with the new expansion, Samsung announced that its new semiconductor fabrication line in Pyeongtaek has begun mass production and shipping its first product to customers. The South Korean company is seen as achieving a higher product yield in mass production of cutting-edge 64-layer 3-D memory than Toshiba, which claims the No. 2 share. 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.
NAND flash memory is a type of nonvolatile storage medium that does not require power to retain data. The fourth generation chip, according to Samsung, transmits data 50 percent faster than its predecessor, the 48-layer V-NAND chip.
Samsung, Toshiba and SK Hynix have invested tens of billions of dollars to boost NAND output in recent years, but shortages are likely to persist through 2017. However, the shortages are expected to remain through this year, as new production lines reportedly won't make meaningful supply contributions until 2018.
Samsung is investing at least $18.6 billion in semiconductors in South Korea.
The investment includes 14.4tn won by 2021 on Samsung's new NAND factory in Pyenogtaek and an additional 6tn won in a new semiconductor production line in Hwaseong, reports Reuters.
It will also put KRW 6 trillion ($5.2bn) towards a new semiconductor fabrication line at its site in Hwaseong with the latest equipment, including Extreme Ultra Violet (EUV) kit, being installed.
Samsung also revealed in its statement that this investment would eventually create at least 440,000 jobs by 2021. The factory's production capacity is equivalent to around 200,000 300mm wafers per month, but Samsung's additional investments likely will almost double that figure by 2021. It is heard that Samsung is now discussing with South Korean Government and Chinese Government in order to construct additional line in Xi'an.
The bond connect program with Hong Kong will give offshore investors another way to access China's US$10 trillion debt market. The aggregate trading volume was 7.05 billion yuan, the China Foreign Exchange Trade System said on its website.
At $2.23, the average national price for a gallon of gasoline is the cheapest the country has seen all year, according to AAA . Right now, OH takes the top spot for monthly changes in gas prices from June to July with a 28 cent decrease.
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