Samsung is doubling down on the worldwide AI surge. It’s saying an enormous $310 billion funding plan to develop its footprint throughout superior chips, knowledge facilities, and next-generation applied sciences over the subsequent 5 years. The centerpiece of this plan is a brand new semiconductor facility — Pyeongtaek Plant 5 — which is ready to start operations in 2028. This may strengthen each South Korea’s home chip ecosystem and the worldwide provide chain.
The corporate, already a world chief in reminiscence chips utilized in AI methods, stated the brand new plant might be constructed to satisfy rising demand for high-performance chips as AI adoption accelerates worldwide. Samsung SDS may also arrange two AI knowledge facilities in South Jeolla and Gumi, increasing the group’s digital infrastructure.
Past AI, the funding package deal contains plans for Samsung SDI to discover a home manufacturing line for next-generation EV batteries. This contains all-solid-state batteries.
The AI increase has already lifted earnings for Samsung Electronics and fellow Korean chipmaker SK hynix. Samsung reported over 30% revenue progress within the third quarter on robust demand for AI-related chips.
The announcement follows South Korea’s transfer to sharply improve nationwide AI spending subsequent yr. The federal government goals to place the nation among the many world’s high three AI powers.
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