After being convicted for bribery and alleged misappropriation of funds, Samsung Vice chairperson Lee Jae young now announced that the Korean tech goliath Samsung would spend 20 trillion won (100 billion yuan, $20.8 billion) on building a new chip research center on its campus in Kiheung, South Korea.
This would not flabbergast the tech enthusiasts as well as the fans of Samsung. We could timidly tell that Lee was the person who still drives the truck on the corner. The world’s gigantic memory chip maker and also the second largest chip contract manufacturer, Samsung, will make this new venture a great triumph.
“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” the company said in a statement.
The company will usher a scrutinized research center on the next-generation devices and the development of memory and system chips. The firm also has a long-term roadmap for the development of new technologies. The disruptive pomp was inaugurated by freshly pardoned Samsung Electronics vice-chairman Jay Y. Lee and top executives.
“Li Huateng said during the ceremony that “the company’s chip business would not exist if it did not emphasize technology and seize opportunities.”
This new modernistic exploration hub would be Samsung’s most advanced chip research facility to date. It covers an area of 109,000 square meters and will begin running an R&D line in 2025 before rounding it off in 2028. Thereupon the ceremony, reportedly, Lee chatted with chip business employees, and separately Lee introduced to executives to discuss ways to obtain technology to widen the semiconductor leadership, Samsung said in a report.