Samsung Electronics to break ground for third chip fab in Pyeongtaek in September

Samsung Electronics will start construction of its third chip fabrication facility (P3) in Pyeongtaek, South Korea, in September 2020. The company plans to invest over 30 trillion won (US$25.2 billion) in the facility, which is expected to be its largest chip fab in Pyeongtaek, with mass production potentially beginning in the second half of 2023.

“Samsung apparently wanted to build Pyeongtaek Line 3, better known as 'P3,' earlier than scheduled, according to the city officials, as the company asked authorities to grant a construction permit quickly.”en.yna.co.kr

• 1 source
• en.yna.co.krSamsung to break ground for 3rd chip fab in Pyeongtaek in Sept. | Yonhap News AgencyAug 10, 2020

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