Samsung to invest 450 tril. won over next 5 years

South Korean tech giant Samsung Group unveiled Sunday a 450 trillion-won ($309.1 billion) investment plan for the next five years, as part of broader efforts to ramp up domestic investment after Seoul concluded its trade deal with the United States. Samsung Electronics Co., the crown jewel of the country's No. 1 conglomerate, will push to launch the framework construction of one of its chip plants in the main Pyeongtaek compound, home to Samsung's semiconductor manufacturing, the company said. The decision, which also includes investment plans for research and development, was reached at a recent ad-hoc management committee, it said. The new Line 5 chip production line is slated to begin commercial operations in 2028, helping the company better meet rising demand for memory chips amid the global surge in artificial intelligence (AI). Samsung SDS Co., the ICT unit of Samsung, will build a large-scale AI data center in South Jeolla Province in the country's southwest. The AI data center aims to acquire 15,000 graphics processing units by 2028 and provide them to universities, startups andWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times