Samsung Electronic’s Expansion to Spur $30 Billion Investments: Lee Jae Myung

The new HBM plant by Samsung Electronics will have three floors of cleanroom space covering over 31,000 square kilometres.

South Korean President , Lee Jae Myung, during a groundbreaking ceremony for Samsung’s investment plans announced in July, said that the chipmaker’s  6 trillion won ($4.81 billion) in a high-bandwidth memory (HBM) plant in Asan, South Korea will be followed by 40 trillion won ($30 billion) investment in advance equipment.

Samsung Electronics announced during the presentation that the new HBM production line is scheduled to be operationalised by June 2028 as it attempts to tap growing demand for server memory and take some share from fellow South Korean market leader SK hynix.

The new HBM plant will have three floors of cleanroom space covering over 31,000 square kilometres. The government of South Korea is looking forward to companies like Samsung and SK hynix to drive “mega projects” covering semiconductors, physical artificial intelligence and AI data centres.

- Advertisement -
Loading form…
Jaydeep Gadhavi
Jaydeep Gadhavi
Jaydeep Gadhavi is a journalist with EFY business focusing on EV as well as Semiconductor business news.

Industry's Buzz

Europe to Provide $581M for Chip Design Startups

0
The Technology Commissioner of Europe, Henna Virkkunen said that the aim of this move is to raise Europe’s share of global chip production from...

Mivi Announces ₹2 bn Investment For Its Hyderabad Facility

0
Mivi is also planning to expand beyond its traditional audio segment Mivi, a homegrown consumer electronics brand, has recently invested ₹2 bn in a manufacturing...
Semiconductor manufacturing

Correction In Semiconductor Stocks, An Opportunity for Investors: Goldman Sachs

0
According to Goldman Sachs the AI infrastructure spending will remain strong despite concerns reaching $1.3 trillion in 2027 and $2 trillion in 2028. With  an...

IIT-Guwahati Tops Lam Research Challenge 2026

0
The third edition of Lam Research Challenge brought together 803 teams (3212 students) from 189 colleges, including leading National Institutional Ranking Framework (NIRF) institutions. The...

Dixon Technologies Appoints Prithvi Vachani As Executive Director For Five-Year Term

0
Vachani graduated from Bentley University in 2017 before pursuing his MBA at London Business School Dixon Technologies (India) Limited has appointed Prithvi Vachani as an...

Learn From Leaders

The Eye That Spots Defects Before They Happen

0
https://youtu.be/vanxJYT2LIo Most inspection machines tell you a board failed. Delvitech's tells you when it is about to.Every inspection stage in a factory traditionally needs its...
Pravin Patel, Founder and Chairman, Brio Agri, India

“Our goal is not to replace farmers, but to empower them with better tools,...

0
In an exclusive interaction with EFY's Saba Aafreen, Pravin Patel, Founder and Chairman of Brio Agri, discusses building hydroponics and controlled-environment agriculture in India,...

Does India’s Chip Packaging Growth Need Local Materials At Scale?

0
What will it take for specialised semiconductor materials manufacturing to grow in India? Packaging volumes will be a key factor as OSAT facilities move...
Ronak Kumar Samantray, Founder, TM2Space Technologies Pvt Ltd.

“Our goal is to build data centres in space.” – Ronak Kumar Samantray, TM2Space

0
A space startup aims to build orbital data centres, letting users run AI models and store data on satellites while also supplying satellite hardware...

India’s Photonics Puzzle Is Finally Coming Together 

0
Can India turn its scattered photonics capabilities into a stronger industry? A new association aims to connect the ecosystem and strengthen the domestic value...

Startups

RHIA’s PLC Slayer Eliminates Fragmented Architectures In Industrial Automation

0
The startup’s innovation integrates separate controllers, sensors, and motor drivers into a single, flexible industrial automation platform. Does building industrial-grade automation always have to be...

EVE NET Turns Spare Smartphone Capacity Into An AI Cloud

0
What if the phone in your pocket could help run AI? A Mumbai-based startup wants to cut AI computing costs by tapping into millions...

Vimag Labs’ Magnet-Free Motors Set To Redefine EV Efficiency

0
Can software replace rare-earth materials? This Bengaluru startup uses virtual magnets to eliminate traditional permanent magnets, boosting EV motor efficiency up to 95 per...

Pine Labs Q2 FY27 Profit Soars 6.5x

0
Pine labs said that it processes 25 million transactions per day, a 22 per cent increase from the previous year. Fintech company Pine Labs, reported...
Dr Venkata Sai Kiran, Founder, Red Balloon Aerospace

How Near-Space Platforms Could Revolutionise Broadband Connectivity – Dr Venkata Sai Kiran, Red Balloon...

0
As nations explore high-altitude platforms for communication, surveillance, and scientific research, Red Balloon Aerospace is developing super-pressure balloons, tethered aerostats, and airships for near-space...