Samsung Electronics is expected to invest more than US$30 billion in its semiconductor business in 2021 to stabilize its memory chip production capacity and expand its foundry business, according to Nikkei.
Industry insiders revealed that Samsung has formulated a production capacity plan for 2021, which shows that semiconductor capital investment will increase by 20% to 30% over last year, which means that the investment amount may exceed US$30 billion.
Brisk demand for memory chips, for which Samsung leads the global market with roughly 40% share – was a major factor in strong 2020 earnings guidance released Friday, reports Nikkei, which showed operating profit jumping 29% to 35.95 trillion won ($32.8 billion) on a 3% rise in sales despite a sluggish global economy.
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