Samsung seeks to become world power in chip industry with $14.7 billion investment

Seeing the dwindling fortunes coming from it’s smartphone business, Samsung is ready to shift ground to see it doesn’t go into total extinction when sweet melodies of selling mobile phones finally come to end.

Samsung chipset plant
To achieve this, the Korean company has released 15.6 trillion Korean won ($14 billion) to build a chip manufacturing plant in it’s home country. The project will be carried out in a city called Pyeongtaek, some kilometers from South Korea’s capital, Seoul.

Samsung is the maker of Apple A-series chipsets used in iPhones and iPads. The first-generation iPhone was powered solely by Samsung chips but the latest iPhone 6 and iPhone 6 Plus smartphones saw Samsung making less than 40 of the processors as rivalry and other factors made Apple choose TSMC over the world’s largest smartphone vendor.

Samsung will start offering it’s Exynos chipsets for sale to other mobile device makers and the new factory will see there won’t be any shortage of supply when it’s completed by 2017. Processor-selling companies like Qualcomm and MediaTek are currently enjoying massive turnovers as little to no competition opposes them in the industry.

Charles Borrowmeo

Web designer, Internet marketer and blogger. I love listening to hip-hop, soul and R&B. When I'm not surfing the Internet, you'll find me playing video games, skating or watching football (die-hard Chelsea FC supporter).

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