# Samsung to build 30 trillion won chip factory south of Seoul

Samsung is spending 30 trillion won on a chip factory south of Seoul that is expected to be completed by 2021.

- Type: New facility
- Announced: 2018-10-30
- Where: south of Seoul, South Korea
- Value: $26.4B (30000.0B KRW)
- Starts operating: 2021
- Status: announced
- Products: memory chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung](https://endata.com/companies/5951.md)

## Sources

- [bisinfotech.com](https://www.bisinfotech.com/south-korean-semiconductor-biggies-bids-60-billion-investments-while-chip-business-fray/), 2018-10-30: "Samsung is spending 30 trillion won on a chip factory south of Seoul that is expected to be completed by 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.