Samsung to spend $1.9 billion for new chip line

June 7, 2012

(AP) — Samsung Electronics Co. said it is spending $1.9 billion to build a new logic chip factory in South Korea to capitalize on demand for mobile devices.

The South Korean company said Thursday that the new plant in South Korean city of Hwaseong will manufacture application processors for smartphones and tablet computers.

Samsung aims to complete the line before the end of 2013 after breaking ground this month.

Samsung is the world's largest supplier of memory chips. It began pumping up investment in non-memory chips only recently.

Explore further: SKorean firms to jointly develop new chips

0 shares

Related Stories

SKorean firms to jointly develop new chips

July 27, 2009

Samsung Electronics will lead a group of South Korean firms in jointly developing advanced semiconductors used for smartphones and digital televisions, officials said Monday.

Samsung 'crossed the line': Apple executive

April 21, 2011

Apple filed suit against Samsung last week because it had "crossed the line," a top Apple executive said Wednesday, but hopes to maintain a "strong relationship" with the South Korean company.

Report: Samsung, Microsoft tie up for new tablet

September 8, 2011

South Korea's Samsung Electronics has teamed up with Microsoft to make a new tablet computer powered by the US software giant's latest operating system, a report said Thursday.

Samsung starts new chip line to boost flash memory

September 22, 2011

Samsung Electronics, the world's largest memory chip maker, said Thursday it has begun mass production at a new line to raise production of flash memory chips used in tablets and smartphones.

Samsung to build flash memory chip line in China

December 6, 2011

Samsung Electronics, the world's largest memory chip maker, said Tuesday it would build a new production line in China for flash memory chips used in tablets and smartphones.

Seoul approves Samsung's new investment in China

January 4, 2012

South Korea on Wednesday approved Samsung Electronics' plan to build a new plant in China to produce high-tech memory chips used in tablets and smartphones, the Ministry of Knowledge Economy said.

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.