SynopsisLast month, both Samsung and its South Korean rival SK Hynix ​announced pledges to invest ⁠hundreds of ‌billions of dollars in ​expanding ​production capacity at home, after ⁠President Lee Jae Myung called for ​measures to narrow regional economic ​divides.Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of ‌Seoul, to ⁠2029 ⁠from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and its South Korean rival SK Hynix ​announced pledges to invest ⁠hundreds of ‌billions of dollars in ​expanding ​production capacity at home, after ⁠President Lee Jae Myung called for ​measures to narrow regional economic ​divides.Under the plan, the government hopes South Korea can double its memory-chip production capacity within five years by speeding up the construction of ‌fabs by Samsung and SK Hynix in Yongin, and building a ​new chip ​cluster in ⁠Gwangju city.Samsung Electronics "plans to begin operations at its first fabrication plant in Yongin by ​2029, which is one to two years ahead of the original schedule," a spokesperson said in a statement. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now