Samsung to invest $313 mln in new chip lines
Samsung Electronics, the world’s largest memory chip maker, said on Monday it would spend 290.9 billion won ($312.6 million) on new chip lines to boost its non-memory production. Interesting to see a memory company investing in non-memory technology when memory has been so hot lately!
Non-memory, or system LSI, chips represent a relatively small portion of Samsung’s output, accounting for about 11 percent of the South Korean firm’s semiconductor sales in the first quarter. In November, Samsung won its first major deal to provide non-memory chips to U.S. wireless technology company QualComm. The value of the deal has not been disclosed. “The purpose is to meet growing market demand and boost price competitiveness,” Samsung said in a filing to the Korea Exchange, explaining the investment.
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