Samsung Electronics reveals plans to build new foundry production line in Pyeongtaek
Updated: 2020-05-22 10:03:56 KST
South Korean tech giant Samsung Electronics has revealed plans to build a new foundry production line in the South Korean city of Pyeongtaek to meet growing global demand for cutting-edge extreme ultraviolet solutions.
The company says this will expand its presence in the contract chip making sector, currently dominated by Taiwan Semiconductor Manufacturing Company.
The new foundry manufacturing line will be established at its chip plant in Pyeongtaek, some 70 kilometers south of Seoul, making it Samsung's seventh foundry production line.
This is in line with the company's plan to become the world's top logic chip maker by 2030, through an investment worth some 108 billion U.S. dollars.