INSUBCONTINENT EXCLUSIVE:
Samsung Electronics (005930.KS) said on Friday it broke ground at a new semiconductor research and development (R-D) complex in South Korea,
where it plans to invest about 20 trillion won ($15 billion) by 2028 to drive leadership in chip technology.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, Reuters
reported.Samsung Electronics is seeking to overcome the limits of semiconductor scaling,& it said in a statement.The groundbreaking ceremony
was attended by newly-pardoned Samsung Electronics Vice Chairman Jay Y
Lee and top executives.We need to continue our tradition of investing pre-emptively and emphasizing technology,& Lee said during the
ceremony.Lee later met chip business employees and separately met with executives to discuss ways to secure technology to expand
semiconductor leadership, Samsung said.The post Samsung Electronics breaks ground on new research centre first appeared on Ariana News.
