Follow up: Samsung Electronic's Chairman Jay Lee Announces Forward Investment Plans: Plans Gwangju as chip production base; Current capacity
Samsung is mulling Gwangju, South Korea, for investment site - - Plans HBM fabrication plant in Chungcheong - - Robot investment to be in Gumi, North Gyenogsang, South Korea - - To focus bio investment in Incheon, South Korea - - Plan battery investment in Ulsan, substrates in Busan - - **Reminder earlier: *(KR) South Korea's President Lee: Today's announcement is historical achievement; There's massive competition in chips, AI sectors - 'National Report Meeting on Korea’s Great Leap Forward Three Mega-Projects' - **Reminder 26th June: 005930.KR Samsung Group said to invest KRW1,000T (~$647B) over next 10 years in South Korea (slight pick up in pace over prior 5-year plan of $309B) - **Reminder 23rd June: 000660.KR (KR) Follow up: South Korea govt in discussions with Hynix and Samsung next stage investments and locations - Presidential Policy Chief Kim [the co's domestic investment plan is expected to be disclosed on Thurs]
Story updates
Must complete chip production construction as soon as possible - - Korea needs to accelerate building chip base to meet demand - - South Korea needs to develop land, provide cheap power, water - - To invest in country's Southwest for chip production - - To expand chip supply capacity by investment in Southwest - - Balanced growth in South Korea has become a survival tactic - - Gwangju, Jeolla may be able to invest KRW520T in project - - Global memory market to grow fourfold within 5 years - - South Korea aims to double DRAM production capability in 5 years - - Comments from South Korea's Government - - Expect to double DRAM production capacity in five years - - Expects investments of ~KRW800T to build four chip fabrication plants in country's Southwest - - Samsung Electronics, SK Hynix to build 2 chip fabrication plants each in KRW800T project - - Expects investments of KRW81T in Chungcheong area for chip packaging cluster - - South Korea to provide KRW30T over 15 years for chip R&D, others - - South Korea will work to push up global humanoid market share - - KRW81T to be spent to build chip packaging fabrication plants - - Expects investments of ~KRW550T for building AI data centers - - South Korea to spend more than KRW1,000T in AI data centers by 2035. - - - **Reminder 28th June: 005930.KR (KR) Samsung, SK Group said to invest a total KRW2,000T over 10 years - Korea press (update) - - During the meeting, President Lee will outline the general framework of the three mega-projects, followed by presentations from the Ministry of Trade, Industry and Resources, Ministry of Science and ICT, Ministry of Climate, Energy and Environment, and Ministry of Land, Infrastructure and Transport on support measures.
Samsung Electronics and SK Group will then disclose their specific investment plans.
Observers suggest the investment scale, spanning Honam’s semiconductor cluster development to Chungcheong and Yeongnam regions, could surpass KRW2,000T over 10 years.