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.