Reuters and Bloomberg. The move is likely a challenge to big rivals TSMC and Qualcomm in mobile processing chips, while the memory chip market contracts from a longtime boom.
Globally, semiconductor makers are racing to produce chips to fuel emerging technologies, such as AI, 5G, and connected vehicles. U.S. chip supplier Nvidia, in a similar move, agreed in March to purchase Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, to boost its data center and AI business.
Samsung said on April 23 that its 133 trillion won ($116 billion) will comprise 73 trillion won for domestic R&D, and 60 trillion won for production infrastructure.
“The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors, but also logic chips by 2030,” the company said in a statement.
Samsung’s semiconductor plan comes as the company strives to shore its losses from sagging sales with its smartphone business.
See the Reuters report here
