Samsung Electronics is working to open its new chip manufacturing facility in Yongin, a city located south of Seoul, South Korea, a full one to two years ahead of schedule, according to a source who spoke with Reuters on Monday.
The chipmaker originally planned to begin operations at the Yongin site between 2030 and 2031, but is now targeting 2029 as the new launch date. The accelerated timeline reflects the company’s effort to meet rapidly growing demand for memory chips that power artificial intelligence infrastructure.
Samsung did not respond to a request for comment from Reuters. South Korean outlet Yonhap News Agency was the first to report on the change in plans, publishing the story on Sunday.
