US Chip Controls Reflect on Samsung's Q2 Results
Samsung warned investors that its Q2 performance fell below expectations.
Samsung installed production equipment at a new integrated R&D complex in Yongin, South Korea. The center is scheduled to begin operations in mid-2025.
The company said it is investing about KRW20 trillion ($14.3 billion) in the facility which will become a key research base for its memory, system LSI and foundry businesses. It broke ground on the 109,000-square-metre facility, called NRD-K located south of Seoul at its Giheung campus, in 2022.
Jun Young-hyun, vice chair and head of the Device Solutions Division, said the complex will bolster their development speed, enabling the company to create a virtuous cycle to accelerate fundamental research on next-generation technology and mass production. The equipment includes extreme ultra-violet (EUV) lithography and new material deposition gear to accelerate the development of next-generation memory chips such as 3D DRAM and V-NAND with more than 1,000 layers.