Samsung to invest $18.6bn in memory chips

Samsung to invest $18.6bn in memory chips

The new plant on Pyeongtaek has started mass producing the first chips, that one did cost nearly 12 billion and will focus on the production of Samsung's fourth-generation V-NAND (64 layers).

Samsung is also planning to expand the NAND chip plant within Xian in order to meet the demand for chips utilized within high end storage products it claimed. Vertical NAND (V-NAND) chips refer to chips with multiple layers of memory cells stacked vertically in a three-dimensional structure. Samsung now accounts for at least 40 percent of the memory chip sales globally as of the recently concluded quarter and posted its biggest net profit yet as of the past three years. However, the production capacity or size of the facility were not disclosed, as they are trade secrets. The fourth generation chip, according to Samsung, transmits data 50 percent faster than its predecessor, the 48-layer V-NAND chip.

"With the dedication and support of our employees, customers and partners, our Pyeongtaek campus represents a new chapter in Samsung's semiconductor operations", said Kwon Oh-Hyun, vice chairman and CEO of Samsung Electronics. The new chips are core components for data centers, big data analysis and artificial intelligence.

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All together Samsung could spend KRW 37 trillion ($32.1bn) to increase its worldwide production facilities. A further 6 trillion won ($5 billion) is being committed to boosting production at Hwaseong. Separately, Samsung Display Co. also said that it is considering building a new organic light-emitting diode (OLED) infrastructure complex in Asan, South Chungcheong. Extreme ultra violet equipment can cut the cost of the overall chip fabrication process. Part of the investment will also be used for the production of its next-generation OLED displays for smartphones. Samsung Electronics will expand its fab in Xi'an, China, which has been running at full capacity after construction was complete in 2014. After this United States spend, the plan for South Korea, which could create up to 440,000 jobs by 2021, demonstrates Samsung's commitment to maintaining the domestic arm of its production.

The South Korean company's announcement comes as the global memory chip industry enjoys a massive boom thanks to a surge in demand for microchips.

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