Samsung Electronics Co.
(OTC:SSNFL) is accelerating the launch of its first semiconductor fabrication plant in Yongin to 2029, moving up the timeline by one to two years as demand for AI memory chips continues to surge.
Samsung Speeds Up AI Chip Expansion On Sunday, Samsung said it now plans to begin operations at its first chip fabrication plant in Yongin, south of Seoul, in 2029 instead of the previously expected 2030-2031 timeframe, Reuters reported.
A Samsung spokesperson said the company intends to start operations at the facility "one to two years" ahead of its original plan.
At the time of writing, Samsung Electronics shares traded at 259,750 KRW (about $172), down 8.86% on the South Korean exchange, according to Benzinga Pro.
