Seoul: Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.* Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 56 trillion to build packaging facilities for high-bandwidth memory chips in Onyang and Cheonan.Also Read: Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership* The plan fits into bigger investment plans the group rolled out on Monday. Details were provided by Samsung Display CEO Yi Chung at an event hosted by President Lee Jae Myung on Thursday.* Samsung SDI to spend 9 trillion won by 2040 in Cheonan for production and research and development of next-generation batteries.* Samsung Electro-Mechanics to invest 8 trillion won by 2040 in Sejong to produce advanced chip packaging materials for AI servers and nurture domestic talent.
Samsung to invest $90 billion in South Korea's Chungcheong province
Samsung Group is set to inject a massive 140 trillion won ($90 billion) into South Korea's central Chungcheong province. This significant investment will bolster the production of display panels, batteries, chips, and related materials. Samsung Display and Samsung Electronics are leading the charge with substantial allocations for advanced chip packaging and next-generation battery development, aiming to boost domestic capabilities and talent.
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