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Samsung says that over the next seven years, it will spent $33 billion on a new semiconductor R&D facility and eight new production lines. The company expects the investment move will bring 14,000 jobs to South Korea and $61 billion in revenue for Samsung. Samsung is already the world’s leading chip manufacturer, and its chips were responsible for two-thirds of its total operating profit of $1.58 billion from the second quarter of this year.
Analysts say that the investment move is a clear indication that the South Korean manufacturer plans to expand further into semiconducting technology, particularly non-memory semiconductors, even though many other chip manufacturers posted losses in the second quarter.
Samsung’s new R&D facility is slated to begin operation in May 2006.
