Samsung has unveiled plans to invest over $90 billion in South Korea’s Chungcheong region, focusing on the development and production of OLED panels, high-bandwidth memory (HBM), next-generation batteries, and advanced semiconductor packaging substrates. This substantial investment will be allocated among several Samsung divisions, including Samsung Display, Samsung Electronics, Samsung Electro-Mechanics, and Samsung SDI. The initiative is set to create approximately 250,000 high-quality jobs, significantly bolstering South Korea’s economy.
Samsung Display aims to enhance its Asan plant for expanded OLED panel production, catering to a diverse range of products such as automobiles, humanoid robots, laptops, monitors, smart glasses, smartphones, smartwatches, and extended reality headsets. Meanwhile, Samsung Electronics plans to establish a next-generation HBM production hub with five new manufacturing lines in the Chungcheong and Onyang regions to meet the soaring demand driven by the AI boom.
Samsung Electro-Mechanics will focus on expanding manufacturing facilities for AI server packaging substrates in Sejong, alongside investing in research and development for cutting-edge semiconductor packaging technologies and fostering talent in the region.
