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The Korea Herald
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THE INVESTOR
March 30, 2024

Samsung

Samsung’s new chip plant to start operations in H1

  • PUBLISHED :March 21, 2017 - 13:55
  • UPDATED :March 22, 2017 - 17:58
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[THE INVESTOR] Samsung Electronics said on March 21 that its chip factory under construction in southern Seoul is expected to start production in the first half of this year as scheduled.

The 15.6 trillion-won (US$14.4 billion) project began in 2015 to build the chip line in Pyeongtaek, some 70 kilometers south of Seoul. It marks Samsung’s largest-ever investment in a single production line. Some 90 percent of the construction is now completed, the firm said.

The new line is expected to focus on the production of 3-D V-NAND flash memory, which will boast significantly higher data storage compared with the previous 2-D technology.

Experts said the 3-D V-NAND flash memory will come with a higher speed and energy efficiency. The chips are widely used in digital cameras, smartphones, handsets and USB drives, as well as other portable devices and solid state drives.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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