Samsung’s $17 billion new US Chip plant to commence construction in Q3

Late on Monday, a South Korean newspaper reported, Samsung Electronics Co Ltd is likely to begin the construction of a planned $17 billion U.S. chip plant during the third quarter of this year and has target to begin operations at the plant in 2024. In a report, the Electronic Times reported citing unnamed industry sources, Samsung…

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SK Hynix signs 5 year procurement contract worth $4.34 billion with ASML Holding N.V.

On Wednesday, the world’s second-largest memory chip maker SK Hynix stated, it has agreed to a five-year procurement contract worth $4.34 billion (4.8 trillion won) with ASML Holding N.V. to secure extreme ultraviolet (EUV) scanners that are used to manufacturing chips. In a regulatory filing, SK Hynix said, the deal is for its planned mass-production…

Samsung Electronics breaks ground for 6th domestic contract chip manufacturing facility

On Thursday, Samsung Electronics Co Ltd stated, it has broken ground for its sixth domestic contract chip production line which will produce logic chips. The development comes in the wake of Samsung’s efforts to reduce its reliance on the volatile memory chip sector. With this move, Samsung will be taking on bigger rival Taiwan Semiconductor…