Samsung to invest $19 billion in chip, display plants in South Korea

Samsung will invest more than $18 billion over the next four years to expand its memory chip and smartphone businesses in South Korea.

The decision to expand investment in the chips and display sectors also comes in line with the new government's plan to generate jobs and revitalize the national economy through cooperation with the business community, the sources added.

The post Samsung to invest $18 billion in memory chip business appeared first on The Independent Uganda:.

Lee has been imprisoned since February amid his alleged connection to a political scandal which led to the ouster of former President Park Geun-hye.

According to Samsung, its chip plant that opened in 2015 is now one of the largest semiconductor production lines in the world.

In a company statement issued Tuesday, Samsung announced that by 2021 investments in its Pyeongtaek plant-which has already seen 15.6 trillion won ($13.5 billion) of spending-would rise to 30 trillion won ($26 billion).

Some analysts said additional capacity across the industry could cause slight oversupply in early 2018, but that prices are unlikely to drop because demand is so strong.

Samsung added that it is considering adding more semiconductor production lines in its factory in Xi'an, China.

The company has also shown an increase in memory chip sales over the years, as it accounted for over 40% of global memory chip sales in Q1 2017 and in April it saw the biggest quarterly net profit in more than three years.

Some South Korean companies in China have seen sales decline or have had to reduce operations since Beijing objected to Seoul's deployment of a US anti-missile defense system in March. Chinese smartphone makers are among the biggest buyers of memory chips and displays.

Samsung said: "Our clients are having difficulty securing enough semiconductor chips due to growing global demand for high-tech gadgets".

China is trying to develop its own memory chip producers but it is likely to take several years before they can compete with existing makers, analysts said.

Samsung on Tuesday also said unit Samsung Display plans to invest around 1 trillion won on a new organic light-emitting diode display complex in South Korea. Samsung uses OLED screens for its high-end Galaxy smartphones.

Related News:

  • Venus Williams advances at Wimbledon

    Venus Williams advances at Wimbledon

    Venus however seemed to neglect this rule on her first round match, sporting a bright pink bra, with the straps clearly visible. I'm completely speechless", said an emotionally overwhelmed Williams before leaving the press conference.
    Comedian lynched by crowd that mistook him for Badoo member

    Comedian lynched by crowd that mistook him for Badoo member

    Rising comedian, Chinedu Paul was reportedly mistaken for a member of the Badoo gang in Ikorodu and as a result, lynched by a mob. The Lagos state police PRO, Olarinde Famous-Cole, has since made a statement asking residents to stop jungle justice on suspects.
    Sainsbury's Posts 2.3% Increase In Like-For-Like Sales In Q1

    Sainsbury's Posts 2.3% Increase In Like-For-Like Sales In Q1

    Demand for deals on British strawberries and its summer eating range added to Sainsbury's grocery sales, which were up 3%. The update comes amid reports that the United Kingdom grocer is eyeing a takeover of convenience store chain Nisa.
  • Special session; ruckus in JK assembly over GST

    Special session; ruckus in JK assembly over GST

    The implementation of the GST is being debated at a four-day special session of the legislature that began earlier on Tuesday. The GST Bill has been passed by all states and union territories, except for Jammu & Kashmir.
    Danone enters agreement to sell Stonyfield to Lactalis for $875 million

    Danone enters agreement to sell Stonyfield to Lactalis for $875 million

    Under the terms of the proposed settlement, Danone agreed to divest Stonyfield to an independent buyer approved by the US. Stonyfield had a around $370 in turnover in 2016 according to the article and will be sold for $875 million.
    Thousands protest in German city of Hamburg before G20

    Thousands protest in German city of Hamburg before G20

    Chinese Vice Foreign Minister Li Baodong told reporters the meeting will be chaired by Xi with China as the rotating chairmanship. When world leaders meet in Hamburg on Friday, China and Germany will move in to usurp the US's role.
  • Heartburn drugs may up death risk

    Heartburn drugs may up death risk

    Ihab Hajjar, an associate professor at the Emory University School of Medicine, said the new findings are "concerning". The results show that those who took PPIs could face a 25% higher risk of death than those who took the H2 blocker.
    SRK and Anushka are giving major retro feels in 'Beech Beech Mein'

    SRK and Anushka are giving major retro feels in 'Beech Beech Mein'

    SRK's Jab Harry Met Sejal director Imtiaz Ali has a better idea of what a true blue pub crawl involves, he explained. Last night, at the song launch of the same movie, Shah Rukh Khan was questioned regarding this issue.
    Right-wing terrorist plot to kill French president foiled

    Right-wing terrorist plot to kill French president foiled

    France's leftist politicians boycotted Macron's speech. "I to avoid half-measures and cosmetic arrangements", he said. He said "threats have never been so great" and said countries need to cooperate more than ever.
  • Extreme heat, storms expected for Fourth of July

    Extreme heat, storms expected for Fourth of July

    The 4th of July has been declared a First Alert Day due to the possibility of afternoon and evening showers and thunderstorms. Here, we will have mostly cloudy skies and a better chance for thunderstorms in the afternoon and evening hours.
    Shots fired at Northwoods Mall

    Shots fired at Northwoods Mall

    Police say that they are now searching for the two men, who reportedly left the mall shortly after firing on each other. Police are searching for two suspects who exchanged gunfire at Northwoods Mall Monday afternoon.
    Ace film maker Quentin Tarantino gets engaged to Israeli musician Daniela Pick

    Ace film maker Quentin Tarantino gets engaged to Israeli musician Daniela Pick

    Ynet also reported that Daniela Pick and Quentin Tarantino got engaged on Friday night in Los Angeles. These movies just form the tip of the iceberg.

Most liked

Moto X4 details seemingly leaked, dual camera tipped
If correct, this may mean that a DirecTV streaming stick can be used to stream from the Moto Z and later plug into a TV. The new smartphone will also probably keep the fast charging support and the rear- mounted fingerprint scanner.

Tencent imposes daily gaming limits to curb addiction among minors
In response, Tencent is setting a time limit of one hour per day for children to play its games. Honour of Kings is the top-grossing Chinese mobile game worldwide.

ZTE Nubia N2 to be announced in India on July 5
The handset was firstly announced back in March 2017, when the company has showcased its Nubia M2 and M2 Lite handsets. The Nubia N1 successor is backed by a non-removable 5000mAh Li-ion Polymer battery with no support for Quick Charge.

John Terry targets Chelsea return as manager after joining Aston Villa
"I looked up to Steve Bruce as a player, and as a manager I'm looking to come in and learn from him". Either that or they need to back themselves and go out on loan.

Ed Sheeran quits Twitter after facing nasty comments online
His Twitter profile will still be updated automatically by his Instagram posts, as the two profiles are linked. Ed Sheeran has recently announced a 2018 stadium tour following his Glastonbury set.

Under Pressure Qatar Says It Will Increase Gas Output By 30%
Qatar is to ramp up gas production from its North Field, increasing the country's production capacity by almost a third.

Military offensive in Syria breaches main wall in Raqqa
The troops were divided into three groups advancing from the east, with aerial support from the US-led coalition. The United Nations warns that up to 100,000 civilians are still trapped in the city.

Flooding in China kills 33 and leaves thousands homeless
The reduction stopped 3 billion cum of water and lowered water levels by up to 1.5 meters, the headquarters said. The Three Gorges Dam upstream from Hunan has reduced water discharges by 70 percent in the past three days.

Fifth round of Syrian talks kicks off in Astana
A fifth round of talks on ending the six-year Syrian conflict began in Kazakhstan today, focused on shoring up a plan for safe zones in the war-torn country.

Disney's 'Pirates of the Caribbean' ride ditching 'wench for a bride' auction
Disney announced the controversial human trafficking scene from the iconic ride - which opened in 1967 - will get a makeover. According to newly released artwork, the new scene will still feature an auction, but will be for goods instead of women.

Brokerages Set AK Steel Holding Corporation (AKS) Price Target at $8.12
The current share price indicates that stock is -42.32% away from its one year high and is moving 69.77% ahead of its 52-week low. Longbow raised its rating on AK Steel Holding Corporation to Buy on 19/06/2017 in a reversal from its prior Neutral rating.

Moto M2 with MediaTek Helio P20 to launch in October
The phone will run a ualcomm Snapdragon 630 SoC, with 4GB of RAM and 64GB of on-board storage backed up by a microSD card slot. The report says that the dual rear cameras will come with a combination of 12-megapixel and 8-megapixel sensors.

Celtics' Jayson Tatum hits game-winner, scores 21 in summer league debut
In a battle of lottery picks, Boston's Jayson Tatum was the hero in his National Basketball Association summer league debut. Another first round pick, North Carolina's Tony Bradley, also had a successful - though more modest - debut Monday.

The death of Simone Veil : a tribute gynecologists
Veil passed away Friday at the age of 89, but her legacy will live on, both in France and in the heart's of feminists worldwide. In 2008, Simone Veil joined the Academie Francaise's 40 members and became the sixth woman to do so in history.

United Kingdom finance minister defends public pay cap as opposition grows
The salary squeeze on nurses, doctors, dentists and the armed forces will last into next year, Downing Street has said. Former Tory chancellor Lord Lamont told BBC Radio 4′s Today programme this morning that austerity should not be eased.