Samsung Electronics would invest 171 trillion won or $151.10 billion in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019.
Samsung competes with rivals Taiwan’s TSMC in contract chip manufacturing and Qualcomm in mobile processing chips.
Samsung will accelerate research and development of advanced chip contract manufacturing processes and construction of production lines.
The South Korean electronics major added that its third chip production line at Pyeongtaek, south of Seoul, will be completed in the second half of 2022.
