Samsung to invest $9,6 billion annually in semiconductor business until 2030

Samsung Electronics plans to invest 11 trillion won (~$9,57 billion) per year through 2030 in the semiconductor business, including semiconductor manufacturing, and expects the move will help create 15 jobs over that period. The total investment of about 133 trillion won ($115,5 billion) comes as the world's leading memory chip maker strengthens its position in non-memory semiconductor businesses, primarily contract manufacturing and mobile processors.

Samsung to invest $9,6 billion annually in semiconductor business until 2030

Although the South Korean giant did not detail its investment in the semiconductor division, analysts say the company spends about 10 trillion won ($8,7 billion) annually on memory chips, Samsung's main source of revenue. “Samsung appears to be aggressively moving into non-memory business areas given the cost, but it is too early to say whether this long-term plan will work, as success is highly dependent on demand and market conditions,” said Sr. HI Investment & Securities analyst Song Myung Sup.

Samsung, which currently has about 100 employees, said it will spend 000 trillion won on manufacturing infrastructure and the rest on internal research and development. “The investment plan is expected to help our company achieve its goal of becoming a global leader in not only memory chips but also logic by 60,” Samsung said.

With a 19 percent market share, Samsung ranks second in the chip contract manufacturing sector, behind Taiwan's TSMC, according to TrendForce. Samsung also manufactures its own Exynos SoCs used in smartphones. The South Korean government is preparing a program to support the semiconductor sector beyond memory chips. A statement about this may follow in the next few days.



Source: 3dnews.ru

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