Samsung Group unveiled plans to invest 140 trillion won ($90 billion) in South Korea's central Chungcheong province to strengthen its manufacturing capabilities across display panels, semiconductors, batteries, and chip materials.
The investment is part of the conglomerate's broader strategy to reinforce its leadership in advanced technology and support the country's growing semiconductor and electronics ecosystem.
The largest share of the investment will come from Samsung Display, which plans to spend 67 trillion won in the cities of Asan and Cheonan. The funds will be used to expand production capacity and develop next-generation display technologies, helping the company meet rising demand for advanced screens used in smartphones, televisions, automotive applications, and other electronic devices.
Samsung Electronics will invest 56 trillion won to establish and expand advanced packaging facilities for high-bandwidth memory (HBM) chips in Onyang and Cheonan. HBM chips are a critical component in artificial intelligence (AI) systems, supporting the high-speed data processing required by AI accelerators and data centers. The investment is expected to strengthen Samsung's competitiveness in the rapidly expanding AI semiconductor market.
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Samsung Electro-Mechanics will contribute 8 trillion won by 2040 to build advanced chip packaging material production facilities in Sejong. The investment will focus on developing key materials for AI server applications while also supporting local workforce development through talent training and collaboration with regional institutions.
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The investment plan aligns with Samsung Group's broader capital expenditure strategy announced earlier this week, reflecting its long-term commitment to expanding domestic manufacturing and innovation.
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Details of the Chungcheong investment were shared by Samsung Display Chief Executive Yi Chung during an event hosted by South Korean President Lee Jae Myung. The initiative is expected to boost regional economic growth, create high-skilled jobs, strengthen local supply chains, and enhance South Korea's position as a global leader in advanced semiconductor and display manufacturing.