With its mobile business starting to fail, Samsung has turned to other sources in order to ensure it remains successful, the most promising of which is its semiconductor business. This is clearly starting to pay off, as the company has been experiencing massive demand and the division has risen to become the company’s best performing, which is why it plans to inject around $10 billion into it.
Samsung plans to inject as much as $10 billion during 2015 into its semiconductor business, as unprecedented demand continues to fuel growth in the company’s best-performing division. “Last year, we invested around 10 trillion won [$9.36 billion] in memory semiconductors,” said Jeeho Baek, senior vice president of Samsung’s semiconductor division, during a conference call with analysts. “We plan to maintain similar volume this year. We have set DRAM and NAND production ratio to 7 to 3, but will manage this flexibly depending on demand, going forward.” Samsung is increasing its production capacity for memory chips. An additional line that will produce DRAMs is being built at Hwaseong, its main hub for memory chip production in South Korea, which will be completed by the end of the year. The South Korean tech giant is planning to start construction of a new plant in Pyeongtaek, South Korea, next month. It plans to invest 15.6 trillion won in the new factory by 2017, the same year that it is tentatively set to start production.