Samsung Electronics to invest $26 billion in its South Korean memory chip manufacturing business

Samsung is to invest more than KRW 37 trillion ($32 billion) in its global production facilities. Of this, KRW 30 trillion ($26 billion) will be pumped into its latest semiconductor factory in Pyeongtaek to further expand its production capacity. The South Korean company says that the new facility has started to produce its 64-layer, fourth-generation V-NAND chips, and it wants to push more off the production line. Samsung says that it is responding to demand following a surge of interest in the Internet of Things and Artificial Intelligence. In a bid to ensure it maintains its position as the world's… [Continue Reading]