We previously heard that Samsung had panned a major additional investment in their new processor plant and now the company has announced that the plant will start production in 2017.
Samsung has announced that they will start producing chips in their new processor plant in the first half of 2017.
The company has also confirmed the final investment amount on the new plant, Samsung will spend a massive 15.6 trillion won, which is around $14.4 billion at the current exchange rate, to build their new plant.
The Pyeongtaek semiconductor plant will play a central role in solidifying leadership in the mobile and server markets, which have shown rapid growth in demand recently, and securing share in the next-generation internet of things market,” Samsung said in a statement.
The new plant will be used to produce DRAM chips and also processors for smartphones and tablets, Samsung is rumored recently to have won more orders from Apple to produce future chips for their iPhone and iPad range of devices.
Source Reuters
Filed Under: Technology News