It was reported yesterday that Samsung was thinking about establishing a new semiconductor chip production line at its Pyeongtaek plant due to rising demand for semiconductors. According to reports, Samsung has now approved a preliminary investment plan to set up the second production line at the Pyeongtaek facility. The plan was endorsed by Samsung Electronics’ Management Committee without opposition. It’s going to be the first major investment in expansion plans after Samsung heir Lee Jae-yong was released from prison.
Samsung reportedly approves investment plan for new facility
It’s not just Samsung that’s pouring money into its semiconductor manufacturing facilities. The chipmaking industry is heavily investing to boost production in order to meet an anticipated rise in demand. Samsung has previously said that it will spend $30 billion to enhance the production capacity at its manufacturing facilities by 2021.
“We are currently reviewing the second phase of investment for our Pyeongtaek semiconductor manufacturing site, which involves the construction of the structural foundation of a facility,” the company confirmed in a statement issued to Reuters.
The statement also adds that this investment is going to better prepare the company for future market demand. Samsung is going to determine any details related to production after taking a good look at market situations.
Samsung constructed the first fabrication line at its Pyeongtaek facility in just over two years and started mass production of its fourth-generation V-NAND memory product in July 2017. Industry analysts predict that if Samsung is able to complete the second semiconductor manufacturing line on schedule, it will be able to mass produce chips on the new line by 2020.
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