Samsung Electronics will invest 300 trillion won ($227 billion) over the next 20 years to build five new chip plants in South Korea as part of the government’s goal to establish “the world’s largest” chip center by 2042. The plans were unveiled by the South Korean Ministry of Trade, Industry, and Energy on March 15….
Samsung to Invest $300 Billion in Construction of South Korean Chip Center
Samsung Employees to Get Low-Carbon Meals as Part of Net-Zero Climate Push
January 30, 2023
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Korean tech giant Samsung Electronics said on Sunday that it will incorporate plant-based meals into its staff menus as part of efforts to reduce the company’s carbon footprints for tackling climate change. Samsung will set up a food corner at its headquarters in Gyeonggi province to provide employees with low-carbon meal options, such as rice…
Beijing’s 3rd Most Important Official to Visit South Korea as China and US Compete Over Semiconductors
September 4, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyChip 4 allianceeconomyInternationalSamsung Electronics CoSamsung GroupUS-China relationsWorld
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Li Zhanshu, the third most important figure in the Chinese Communist Party (CCP) and a member of the Politburo Standing Committee, is to visit South Korea in mid-September. According to experts, China and the United States are competing to win over South Korea as it is an important part of the global semiconductor supply chain….
Samsung and TSMC Initiate 3nm Chip Production
Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics both recently announced they will start mass production of 3-nanometer (nm) chips in the second half of 2022. Semiconductor industry experts believe that chip yield is the key to success. Samsung announced on July 25 that it will mass produce 3nm chips based on gate-all-around (GAA) technology….
Samsung Elec Starts 3-Nanometre Chip Production to Lure New Foundry Customers
July 1, 2022
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Asia & PacificBusiness & MarketschipsCompanieseconomyMedia & Big TechSamsung Electronics CoTSMCWorld
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SEOUL—Samsung Electronics Co Ltd. said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up…
South Korean Lobby Groups Call for Presidential Pardon of Samsung Chief Before Biden’s Visit
U.S. President Joe Biden will visit South Korea and Japan from May 20 to May 24, which will be his first trip to Asia as president. When the visit was still in the planning stage, five South Korean lobby groups called for a presidential pardon to be issued to Samsung Vice Chairman Lee Jae-yong. They…
Samsung Clocks Record Revenue in Q4 Backed by Premium Smartphones, TV, Home Appliances; Remains Positive for 2022
Samsung Electronics Co. Ltd. reported fourth-quarter FY21 revenue growth of 24 percent year-on-year to $63 billion (KRW 76.57 trillion). Finished product businesses, with expanded sales of premium smartphones, TVs, and, home appliances, drove the growth. The operating profit increased 53.3 percent Y/Y to $11.4 billion (KRW 13.87 trillion), driven by the semiconductor businesses. The Display Panel Business…
Samsung Picks Texas City for $17 Billion Semiconductor Factory, to Create 2,000+ Jobs
November 25, 2021
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Business & Economychip manufacturingCompanieseconomyLocal NewsRegional-Local NewsSamsung Electronics Cosemiconductor chipsTexasTSMC to produce in the United StatesUSUS News
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Samsung announced on Wednesday that it has chosen Taylor, Texas, for its $17 billion advanced chip-manufacturing plant, which is expected to create 2,000 direct high-tech jobs. “The new manufacturing facility will produce advanced logic chips that will power next-generation devices for applications such as mobile, 5G, high-performance computing (HPC), and artificial intelligence (AI),” Texas Gov. Greg…
Samsung Vice Chairman Lee Jae-yong Visits US for Chip Plant Project
News Analysis Samsung Electronics Vice Chairman Lee Jae-yong’s recent trip to North America was likely aimed at finalizing site selection for Samsung’s new $17 billion chip foundry plant. Hong Kong financial expert Liao Shiming believes the United States is cooperating with Samsung to restructure its high-tech supply chain. Lee appeared at a business airport in…
Samsung Posts Record Revenue, Profit in Q3
Samsung Electronics Co Ltd. reported third-quarter FY21 revenue growth of 10 percent year-on-year to a record $63 billion (KRW 73.98 trillion). The operating profit increased 26 percent Q/Q to $13.48 billion (KRW 15.82 trillion), the second-highest ever as favorable market conditions continued in the memory market while the foundry and display businesses achieved robust sales….
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