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Samsung invested a record $ 14.4 billion in the construction of a new plant

Samsung Electronics announced the construction of a new plant for the production of LSI chipsets and DRAM RAM. The company allocated a record amount of $ 14.4 billion (15.6 trillion won). The history of Samsung still did not know such a large investment. Thanks to the new project, 150 thousand jobs will be created. The value of products produced by the plant will reach $ 37.3 billion (41 trillion won).

Production start is scheduled for 2017, reports The Verge. In the meantime, the beginning of construction work. The ceremony on this occasion was attended by representatives of the South Korean government and even President Park Geun-hye. “The new plant in Phyonthake reflects Samsung’s commitment to pursuing an aggressive investment policy and not stopping at the heights already reached,” she said.

The opening of such a large-scale production "will strengthen the leadership of Samsung Electronics in the chip market for servers and mobile phones, and also allow it to become a leader in the industry of the Internet of Things . " The microcircuit business of this corporation should ensure South Korea’s next step towards a high-tech future, ”notes Kwon O Hyun, head of the company.

The plant will be located in the city of Pyeongtaek. It is 70 km from Seoul. This arrangement will allow the company to fully control the construction process.
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In 2014, Samsung spent about $ 13.8 billion on expanding the production lines of processors, memory, displays and some other components. These costs are three times higher than Apple’s costs for the same items.

Despite the fact that in the first quarter of 2015, Samsung has regained leadership in the smartphone market, its quarterly profit declined by 39% (to $ 4.3 billion). And this is 3 times less than that of Apple.

Source: https://habr.com/ru/post/290418/


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