Samsung Electronics to invest $9.6 billion annually in logic chips to 2030

FILE PHOTO: The logo of Samsung Electronics is seen at its office in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Samsung Electronics said on Wednesday that it will invest 11 trillion won ($9.57 billion) annually through 2030 in the logic chip companies, including the foundry.

The investment up to 2030, worth 133 trillion won in total, the world’s top memory chip maker strengthens non-memory semiconductor companies such as contract chip, known as a foundry, and mobile processors.

“The investment plan is expected to help the company reach its goal to be the world leader in not only memory, semiconductors, but also the logic chips in 2030” Samsung said.

Reporting by Ju-min Park and Heekyong Yang; Editing by with the ipad has Himani

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