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Samsung Plans to Construct a New Chip Plant in South Korea

Category: General News
Posted: 06:52AM

Samsung has announced that plans to construct a new chip plant in South Korea. The fabrication plant will be located in Pyeongtaek, which is 47 miles south of Seoul, and will cost the electronics giant roughly $14.7 billion. Although construction on the new plant is set to begin sometime next year, the facility, which will make either logic or memory chips, will not open until 2017. Samsung noted that 150,000 jobs will be created thanks to the newly announced chip manufacturing plant, which happens to be about a third of the population of Pyeongtaek.

Source: Reuters

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