Samsung Electronics New Chip R&D - $15B Investment

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SEOUL, Aug 19 (Reuters) - 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.
SOURCE

It seems a lot of companies are pushing to make investments in chip production in various locations. This one will be in South Korea.
I think this move is likely down to the growing issues between China and Taiwan as earlier this year, the US also announced making a chip factory within the country.
 
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