Samsung Electronics is evaluating the southwestern city of Gwangju as a potential site for a new semiconductor manufacturing facility, Chairman Lee Jae-yong said Monday.
The comment marks the latest step in the chipmaker’s efforts to expand its domestic production footprint amid intensifying global competition in advanced logic and memory chips.
5 billion) over the next ten years, with a heavy emphasis on semiconductor manufacturing and artificial intelligence infrastructure.
The potential Gwangju plant would complement Samsung’s existing operations in Pyeongtaek and Hwaseong, which house its primary foundry and memory fabs.
While no final decision has been made, the consideration of a new site underscores the scale of capital expenditure Samsung is preparing to deploy over the coming decade.
The move also aligns with broader South Korean government incentives aimed at bolstering the nation’s semiconductor self-sufficiency and supply chain resilience.
Samsung Group has previously outlined a monumental investment strategy worth approximately 1,000 trillion won ($647.5 billion) over the next ten years, with a heavy emphasis on semiconductor manufacturing and artificial intelligence infrastructure.