Samsung breaks ground on $33 billion chip campus
Samsung have started work on expanding their Hwaseong semiconductor facility, at a cost of $33 Billion. According to EETimes their total expected investment will be $860 million by 2012.
LONDON ? South Korean electronics giant Samsung Electronics Co. Ltd. broke ground Thursday (Sept. 29) on a second round of construction at its Hwaseong semiconductor facility. The building is part of a $33 billion seven-year plan that calls for an R&D facility and eight fabrication lines to be built there by 2012, Samsung said.
The Hwaseong plant was first established in 2000, and the first phase of building included five fabrication lines and one R&D manufacturing line on 150 acres. The Hwaseong expansion will occupy 230 acres and is expected to create 14,000 jobs, Samsung said.
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