01-01-1970 12:00 AM | Source: Reuters
Samsung Electronics raises non-memory chip investment to $151 billion through 2030
SEOUL - Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019.
Samsung competes with bigger rivals Taiwan's TSMC in contract chip manufacturing and Qualcomm Inc in mobile processing chips.
Samsung will accelerate research and development of advanced chip contract manufacturing processes and construction of production lines, it said in a statement.
The South Korean electronics major added that its third chip production line at Pyeongtaek, south of Seoul, will be completed in the second half of 2022.
Latest News
Buy Copper Above 843 SL. BELOW 838 TGT 849/853 - Axi...
Evening Roundup : A Daily Report on Bullion Energy &...
India cenbank cannot let its inflation guard down ju...
Archer Aviation aims to start electric air taxi tria...
Indian insurance industry in FY24: Non-life grew by ...
FIIs stood as net sellers in equities as per April 1...
India's Wheat Dilemma: Record Sales Deplete Stocks t...
Indian Life insurers end FY2023-24 on a high; post 1...
Daily Market Commentary : Nifty opened gap down on t...
Daily Market Analysis : Markets remained choppy for ...
Tag News
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
P-notes investment in Indian markets rise to Rs 1.23 lakh crore in July-end: SEBI
Centre may explore green masala bonds, InVITs to meet long-term renewable energy capacity investment
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber