SEOUL: Samsung Electronics Co. said Wednesday it will invest 133 trillion won (US$115.7 billion) by 2030 to expand its non-memory and foundry business to take the top spot in the high-tech and lucrative sector.
The world's largest memory chip maker announced measures to develop the semiconductor ecosystem with increased investment for the foundry and non-memory segment to diversify its portfolio.
"The investment plan is expected to help the company reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030," Samsung said in a release. "The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess."
The investment will be composed of 73 trillion won for domestic R&D and 60 trillion won for production infrastructure, it said.
The tech giant said it will step up collaboration with small and medium-sized companies as well as universities and research labs to develop emerging technologies and train professionals in the industry.
Non-memory chips, also called system large-scale integration (LSI), comprise a broad range of semiconductor products, including processors, chipsets and image sensors.
According to global research firm Gartner, the value of the non-memory chip market was estimated at $346.6 billion last year -- 65 percent of the total -- more than twice that of the memory chip sector.
Foundry refers to the contract chip manufacturing business for fabless chip makers, such as U.S. tech behemoths Qualcomm and Broadcom, which design and sell semiconductors for various types of electronics.
The latest move also comes as the government has vowed to expand support for the semiconductor industry to reduce the nation's heavy reliance on the memory chip business and better fend off challenges by rising Chinese manufacturers.
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