The Korean manufacturer Samsung announced that
it plans to further invest a sum of $14 billion in a new chip manufacturing
plant, which will start operating by the mid of 2017. It is so far the biggest funding
made by the company in a single manufacturing plant.
The new chip factory will be located in
Pyeongtaek, situated in south of Seoul, so Samsung can easily have a closer
look at its production facility. The company has been able to make a significant
amount of money from their chip department, positioning itself as the second
largest chip producer in terms of revenue but now the company is aiming for
even bigger goals with its $14 billion investment.
According
to Samsung's press release: The Pyeongtaek semiconductor plant will play a
central role in solidifying leadership in the mobile and server markets, which
have shown rapid growth in demand recently, and securing share in the
next-generation internet of things market.
Reportedly, the company’s tremendous growth in
the chip manufacturing sector is a bet to offset the slow growth in the mobile
phone division. The new plant will be largely focusing on the production of the
DRAM memory while also making chipsets when the demand is there.
It is
also reported that Samsung has already started making processors for Apple’s
next upcoming iPhone, however these are mainly manufactured in their Texas
plant. The new plant at their homeland will also be allotting its production
capacity for Samsung’s Galaxy S series next model.
Samsung’s
semiconductor business division offers chips for computers, servers, handsets
and other Samsung products and as well as for its competitor Apple.
Source : http://www.technewstoday.com/