SEOUL — Samsung Group on Thursday laid out a sweeping investment plan totaling 140 trillion won, equivalent to approximately $90 billion, targeting production facilities for display panels, batteries, microchips, and chip materials in South Korea’s central Chungcheong province.
Samsung Display is set to commit 67 trillion won toward operations in the cities of Asan and Cheonan, while Samsung Electronics plans to put in 56 trillion won to construct packaging facilities for high-bandwidth memory chips in Onyang and Cheonan.
The announcement builds on broader investment plans the conglomerate introduced earlier in the week. Samsung Display CEO Yi Chung provided the specifics at a Thursday event organized by President Lee Jae Myung.
Battery subsidiary Samsung SDI will direct 9 trillion won toward its Cheonan operations through 2040, focusing on the production and research of next-generation battery technology.
Samsung Electro-Mechanics is also committing 8 trillion won by 2040 in the city of Sejong, with plans to manufacture advanced chip packaging materials designed for AI servers while also working to develop homegrown technical talent.
