Samsung Electronics breaks ground on new chip R&D centre, plans $15 billion investment by 2028 | latest news from nigerian newspapers today

Samsung Electronics breaks ground on new chip R&D centre, plans $15 billion investment by 2028

Technology News World

Samsung Electronics (005930.KS) said on Friday it kicked things off at another semiconductor innovative work (R&D) complex in South Korea, where it intends to contribute around 20 trillion won ($15 billion) by 2028 to drive administration in chip innovation.

The world’s biggest memory chip producer and second-biggest chip contract maker said the new office at Giheung, south of Seoul, will lead progressed research on cutting edge gadgets and cycles for memory and framework chips, as well as improvement of new tech in view of a drawn out roadmap.”Samsung Electronics is looking to beat the restrictions of semiconductor scaling,” it said in an explanation.

The pivotal service was gone to by recently exculpated Samsung Electronics Vice Chairman Jay Y. Lee and top chiefs.

“We really want to proceed with our practice of financial planning prudently and accentuating innovation,” Lee said during the service.

Lee later met chip business representatives and independently met with chiefs to talk about ways of tying down innovation to grow semiconductor administration, Samsung said.

($1 = 1,327.7500 won)

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