Samsung chief Lee vows bold investment to bolster chip R&D capabilities

(The Korea Economic Daily Feb 13) Chairman Jay Y. Lee pledged another bold investment in the world’s largest memory chipmaker’s next-generation semiconductor research and development to further widen the gap with its rivals in the latest chip industry downturn. The Korean chip giant unveiled another investment plan to spend 20 trillion won ($15.3 billion) by 2028 to build its new semiconductor R&D complex in Giheung for the development of next-generation memory and system chip technologies during its ground-breaking ceremony in August last year.