Samsung is to begin operations at the first semiconductor fabrication plant in its Yongin chip cluster in 2029, 1-2 years earlier than planned, according to a report in the Korea Herald.
Samsung is currently planning to begin operations in 2029 at the first of six semiconductor plants to be built at the Yongin industrial complex, just south of Seoul. The first of six plants had been scheduled to come online in 2030 or 2031.
“An earlier start of operations at the first plant will enable Samsung to respond more quickly to rapidly growing global demand for AI chips,” an industry official told Yonhap.
Under a mega project investment plan, Samsung plans to invest 2,030 trillion won ($1.35 trillion) in its Pyeongtaek and Yongin semiconductor clusters, along with 400 trillion won to build two new chip plants in Gwangju, 270km south of Seoul.