According to the company, it plans to invest about $15 billion by 2028 to drive leadership in chip technology.
Samsung, which is the world's largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap.
"Samsung Electronics is seeking to overcome the limits of semiconductor scaling," it said in a statement.
Commenting the company’s Vice Chairman Jay Y. Lee said,"We need to continue our tradition of investing pre-emptively and emphasising technology.”
