- Samsung Electronics Co, Ltd (OTC:SSNLF) broke ground for a new semiconductor research and development complex in Giheung, Korea, seeking to extend its presence in state-of-the-art semiconductor technology.
- Samsung looks to invest about KRW 20 trillion by 2028 for the complex in an area covering about 109,000 square meters within its Giheung campus.
- The new facility will lead advanced research on next-generation devices and memory and system semiconductors processes, developing innovative new technologies based on a long-term roadmap.
- Samsung aims to overcome the limits of semiconductor scaling and solidify its competitive edge in semiconductor technology.
- The new Giheung R&D facility, together with the R&D line in Hwaseong and the world’s largest semiconductor production complex in Pyeongtaek, will likely elevate the synergy among Samsung’s three main semiconductor complexes in the metropolitan area.
- In the next five years, Samsung aims to invest 450 trillion won ($356 billion) to accelerate growth in semiconductors, biopharma, and other next-gen technologies. The investments will likely create 1.07 million jobs.
- Samsung is also one of the frontrunners for the U.S. Chips Act involving a $52 billion federal program to boost domestic chipmaking capabilities.
Several Buyers Express Interest In Crypto Lender Hodlnaut, And Its FTX Claims
Several potential buyers have signaled interest in troubled crypto lender Hodlnaut Pte, including its claims against the bankrupt crypto exchange FTX.
Hodlnaut's interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors.
