Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Wednesday, June 18
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Accessories»Samsung is investing $18 Billion to produce more memory chips

    Samsung is investing $18 Billion to produce more memory chips

    1
    By Tapiwa Matthew Mutisi on July 4, 2017 Accessories, Apps, Artificial Intelligence, Automobiles, Brands, Business, Electronics, Innovation, Internet of Things, Investments, Marketing, Products, Samsung, Startups, Technology, Transportation

    Samsung Electronics, the world’s largest producer of memory chips, has announced that it is pumping 20.4 trillion won ($18 billion) of new investment into growing its semiconductor manufacturing facilities in South Korea. This is a coincident with Samsung’s directive – the future of Samsung is self-driving cars. Hence, the need to produce more chips.

    While consumers may first associate the brand with smartphones and televisions, Samsung is the world’s largest producer of memory chips. According to data compiled, semiconductors generated almost half of the company’s operating revenue in 2016. The latest round of investments means that those revenues are set to swell further.

    In a company statement issued, Samsung announced that by 2021 investments in its Pyeongtaek plant—which has already seen 15.6 trillion won ($13.5 billion) of spending—would rise to 30 trillion won ($26 billion). A further 6 trillion won ($5 billion) is being committed to boosting production at Hwaseong.

    Samsung’s investment announcement coincides with the start of mass chip production at its Pyeongtaek facility. Advancements in the automotive industry, artificial intelligence and the so-called Internet of Things, are expected drive demand for semiconductors in the coming years.

    http://https://youtu.be/ZYxKwNYsAXI?t=26

    Related

    artificial intelligence brands Business innovation Investment IoT memory chips Samsung Technology
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Samsung vs. Tecno: Which Phone Brand Actually Gives You More for ₦200k in Nigeria?

    Snapchat for Apple Watch: Is It Worth Using?

    Best Laptops for Nigerian Students in 2025: Reliable Picks That Actually Get the Job Done

    1 Comment

    1. Pingback: Samsung to spend $17 billion to build new chip plant in the US - Innovation Village | Technology, Product Reviews, Business

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.