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Samsung to invest $151 billion in non-memory chip production
- Friday | 14th May, 2021
Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won ($883 million) in loans for its local chip industry. Samsung’s increased investment target, up from 133 trillion won announced in 2019, is expected to be used for its goal to become the world’s No. It wants to challenge bigger rivals TSMC in contract chip manufacturing and Qualcomm in mobile processing chips. In March, US President Joe Biden flagged plans to invest $50 billion in semiconductor manufacturing and research.
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