Samsung is investing 20 trillion Korean won, equivalent to 14.9 billion euros, in a new research site for semiconductor research and development. The investment will take place over a period of approximately six years.
The new research and development site is part of the Jehong campus, located in South Korea’s Gyeonggi Province, which also includes the capital, Seoul. The site will be in use from 2025 and will have a size of more than 100,000 square metres.
“Our new R&D complex should become an innovation hub where talents from around the world come together to grow,” CEO Ki Hyun Kyung said. In a press release. The location should help Samsung grow in the semiconductor industry.
The Jihong Campus has been one of Samsung’s flagship locations for nearly forty years. For example, in 1992, the first 64MB DRAM was produced in the same place. “If we hadn’t made bold investments in research and development, Samsung wouldn’t be a part of today’s semiconductor industry.”
In addition to Kye, several senior Samsung executives attended the on-site ceremony. was the most prominent presence Condemns bribery of former Samsung chief Lee Jae Young. Lee was pardoned earlier this month after being found guilty of bribing former South Korean President Park Geun-hye. Meanwhile, it is a deputypresident In Samsung Electronics.
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