(Reuters) – Samsung Electronics has decided to begin investment to build a second memory chip line at its Pyeongtaek production facilities in South Korea, Yonhap news agency reported on Wednesday.
Chipmakers are investing heavily to meet booming demand for semiconductors and Samsung said last year it planned to invest 30 trillion won ($27.
63 billion) in its Pyeongtaek factory by 2021 to expand capacity.“We are currently reviewing the second phase of investment for our Pyeongtaek semiconductor manufacturing site, which involves the construction of the structural foundation of a facility,” Samsung said in an email to Reuters when asked to comment on the Yonhap report.
“The investment is aimed at better preparing for future market demand. Any details related to production will be determined after taking market situations into account,” it said.
Analysts say if the second semiconductor manufacturing line is completed on a schedule that is common in…
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