|Title||Samsung Preparing to Build Another Memory Fab Near Pyeongtaek for $27.8 Billion|
|Date||Friday March 02 2018, @04:01PM|
|from the it-takes-money-to-make-money dept.|
Samsung Preps to Build Another Multi-Billion Dollar Memory Fab Near Pyeongtaek
Samsung has begun preparations to build another semiconductor production facility near Pyeongtaek, South Korea. The fab will produce various types of memory as the market demands, and if unofficial information is correct, the new fab may be larger than the adjacent fab that began operations last year.
At present the upcoming fab is called the P2 Project and it will be located adjacent to the existing fab near Pyeongtaek. Samsung has already started to establish infrastructure for the production facility — it ordered the construction of gas pipes for the new production facility in January and is expected to start other works shortly. ETNews reports that Samsung is looking at investing ₩30 trillion ($27.8 billion) in the new P2 Project facility, but does not elaborate whether the number represents total investments, or initial investments. ₩30 trillion is the total amount of money that Samsung has already invested and plans to invest in its existing fab near Pyeongtaek by 2021. Considering the fact that the P2 is in an early stage of planning, it is unlikely that the company has finalized its investments plans.
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printed from SoylentNews, Samsung Preparing to Build Another Memory Fab Near Pyeongtaek for $27.8 Billion on 2023-06-09 11:33:57