Key facts
- Samsung Electronics is considering Gwangju, a city in southwestern South Korea, for a new semiconductor production facility.
- Samsung Electronics Chairman Lee Jae-yong announced the potential site.
- The new facility would complement the company's existing semiconductor production bases.
- The announcement was made during a briefing on President Lee Jae Myung's "three mega projects" initiative.
- Samsung also plans to expand robotics investment in Gumi and build HBM production facilities in Chungcheong Province.
Samsung Electronics Co. is contemplating establishing a new semiconductor production facility in Gwangju, a city located in southwestern South Korea, according to Chairman Lee Jae-yong. This potential new base would serve to complement the company's current semiconductor manufacturing operations, which are largely concentrated in the Seoul metropolitan area.
Lee Jae-yong's remarks were made during a televised briefing where President Lee Jae Myung introduced the government's "three mega projects" initiative. This strategy is designed to bolster South Korea's competitiveness in advanced technologies and position the nation as a leader in the artificial intelligence era.
In addition to the potential Gwangju plant, Samsung Electronics intends to increase its investment in robotics in Gumi, North Gyeongsang Province. The company also plans to construct high-bandwidth memory (HBM) production facilities in Chungcheong Province.