Samsung Electronics announced that it will increase its investments in "logic businesses" by 2030 to a total of $151 billion.
What is business logic? Business logic is the custom rules or algorithms that handle the exchange of information between a database and a user interface.
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In 2019, the South Korean tech giant pledged to spend 133 trillion won ($117 billion) by 2030 on its logic businesses.
Samsung said it is adding 38 trillion won ($34 billion) to that initial investment in order to accelerate advanced research and expand its manufacturing facilities.
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The South Korean tech giant has two logic businesses, Samsung System LSI and Samsung Foundry. System LSI designs logic chips while Foundry is a contract chip manufacturing unit.
Adding more investment, the Foundry expansion “will help fuel entire new industries built on next-generation technologies like AI, 5G and autonomous driving,” the tech giant said.
Samsung also announced that it has begun construction of a new production line at its factory in Pyeongtaek, South Korea.
The new line, called P3, is expected to be completed in the second half of 2022, the company said.
P3 will manufacture "14-nanometer DRAM" and 5-nanometer logic semiconductors using extreme ultraviolet (EUV) lithography technology, Samsung added.
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"The entire semiconductor industry is facing a crisis right now, and now is the time to chart a long-term strategy and investment plan," said Samsung vice chairman and head of the chip company Kim Kim-nam.
"For the memory business, where Samsung has maintained its undisputed leadership position, the company will continue to make proactive investments to lead the industry.".
While the South Korean tech giant didn't address the current global chip shortage in its announcement, sources told ZDNet that the manufacturing plan for the P3 is six months ahead of schedule. Because of this, the company will likely continue to be flexible in the chips it builds on its production lines at its Pyeongtaek plant.
Samsung is the world's largest memory chip maker. In foundry, it is the second largest, behind Taiwan Semiconductor Manufacturing Company (TSMC). In terms of total revenue, Samsung is the second largest chipmaker in the world, behind Intel.
Information source: zdnet.com
