Samsung Electronics Will Reportedly Invest $9.6 Billion Per Year In Logic Chips Until 2030

Samsung Electronics will reportedly invest about $9.6 billion (11 trillion won) per year in logic chips, including its foundries, until 2030. The company hopes to bring more 15,000 jobs during the period.

That means from 2019 to 2030, Samsung Electronics will pour the enormous amount of investment that is worth about 133 trillion won. Explaining its motive, the electronics manufacturer aims to bolster the businesses of non-memory semiconductors including mobile processors and manufacturing chips according to contracts.

Samsung hasn’t revealed any other detail relating to the investment of the semiconductors. However, according to analysts, the annual investment the company has spent in memory chips reaches 10 trillion won. This is also the primary income of the Seoul-based company.

The HI Investment & Securities senior analyst Song Myung-sup said,

Until now, the company has hired about 100,000 employees in local areas. It is also planning to invest 60 trillion won in developing its production infrastructure as well as other aspects of domestic research and development. According to Samsung,

The company has now occupied 19 percent of the market share and sat on the second position of the foundry sector. The first leader of the industry is TSMC from Taiwan. The data was collected from TrendForce.

Besides, Samsung is producing Exynos processors which are designed for its mobile phones. According to an official who now serves in the industry ministry, the government in South Korea is planning to offer a support program for Samsung’s non-memory chip sector. The local media reported that the government would make an official announcement at the end of this month.