Samsung Electronics to invest $9.6 billion annually in logic chips until 2030

Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period.

The total investment of around 133 trillion won comes at a time when the world’s top memory chip maker is strengthening its non-memory semiconductor businesses such as contract chip manufacturing, known as foundry, and mobile processors.

Although Samsung does not disclose the breakdown of its investment in the semiconductor division, analysts say it has annually spent about as much as 10 trillion won in memory chips, Samsung’s major income earner.

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