Samsung Electronics raises non-memory chip investment to $151 billion through 2030 By Reuters
SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019. Samsung competes with bigger rivals Taiwan's TSMC in contract chip manufacturing and Qualcomm (NASDAQ:QCOM) Inc in mobile processing chips. Samsung will accelerate research and development of advanced chip contract manufacturing processes and construction of production lines, it said in a statement. The South Korean electronics major added that its third chip production line at Pyeongtaek, south...
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