Samsung ploughing billions into boosting memory production

Samsung Electronics Co. on Tuesday celebrated the first shipment of three-dimensional VNAND flash memory from its new fab in Pyeongtaek Gyeonggi. From left is Ahn Jung-soo vice president at Samsung Electronics Baek Hong-joo senior vice president Jin

Samsung Electronics Company Ltd says it plans to invest about $18 billion in South Korea to extend its lead in memory chips and next-generation displays for smartphones. It routinely invests more than $10 billion in chips annually, helping it stay ahead of competitors such as cross-town rival SK Hynix and Japan's Toshiba Corp.

Internet of Things and automotive technologiesRecent emerging IT trends such as the Internet of Things (IoT), artificial intelligence (AI), big data and automotive technology has sharply increased demand for next-generation hardware components.

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

NAND flash memory is a type of nonvolatile storage medium that does not require power to retain data.

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Samsung, Toshiba and SK Hynix have committed tens of billions of dollars to boost NAND output in recent years, yet analysts and industry sources said shortages are likely to persist at least through 2017 as new facilities will not make meaningful supply contributions until next year.

Samsung has been fabbing two new manufacturing plants for chips.

Samsung Electronics celebrates the start of commercial production of 64-layer vertical NAND chips at a new line in Pyeongtaek, Gyeonggi, on Tuesday with about 100 key executives and employees present.

Samsung is investing at least $18.6 billion in semiconductors in South Korea.

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It will also put KRW 6 trillion ($5.2bn) towards a new semiconductor fabrication line at its site in Hwaseong with the latest equipment, including Extreme Ultra Violet (EUV) kit, being installed.

Samsung Display is reviewing plans to establish a new organic light-emitting diode manufacturing site in Asan, South Chungcheong Province, by 2018.

The Korean semiconductor leader is also considering a plan to construct its second chip plant in Xi'an, China, in addition to its first one built in 2014, it said. It is heard that Samsung is now discussing with South Korean Government and Chinese Government in order to construct additional line in Xi'an.

Samsung said this investment could create up to 440,000 jobs through 2021, along with booming the economy.

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