Samsung confirmed today that it plans to invest approximately $14,7 billion in the construction of a new semiconductor factory. The factory will be located in the territory of South Korea, more precisely in the Godeok Industrial Complex in Pyeongtaek, where many factories in the country are located today. An advantage for Samsung is that the complex is located 80 kilometers from the capital Seoul, where Samsung's central management is located. However, this represents a great advantage for the local population.
Samsung says the factory alone will create more than 150 new jobs. However, those interested in working at the factory will have to find another workplace for the time being, as the chip factory will not be operational until the second half of 000. Construction is set to begin in the first half of 2017. We should learn some new information about the factory soon, since Samsung currently only mentions that "will meet the growing demand for advanced semiconductors." It will also have a certain advantage within the partnership with Apple, as the South Korean giant should start the production of processors in a few months Apple A9 for the next generation iPhone and iPads. The reason for starting the construction of the factory is the stagnant demand for Samsung smartphones in India and China, the two most populous countries in the world.
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*Source: Reuters
