Samsung’s $14.7 billion semiconductor plant to begin work in early 2017
Against earlier estimates on when Samsung’s South Korean chip factory will be fully operational, the $14.7 billion semiconductor plant will start working in early 2017.
Last year Samsung announced the creation of a plant where “advanced” semiconductors will be produced in order to boost finances given the company’s poor run in the mobile division during the year.
“Our investment into the new fabrication plant will significantly influence the shaping of Samsung’s future semiconductor business,” Samsung’s Vice President, O. Kwon, explained.
But in 2015 (this year), Samsung got the sales boost the just needed after the introduction of the company’s flasgship Galaxy S6 flagship which uses a Samsung-made processor:
“The Pyeongtaek semiconductor plant will play a central role in solidifying leadership in the mobile and server markets, which have shown rapid growth in demand recently, and securing share in the next-generation internet of things market.”
The plant will help Samsung produce its processors in-house maximizing profit as well as landing production contracts for clients like Apple.