The new line is the largest single fabrication line in the entire industry.
The company held an internal ceremony to mark the start of the mass production with the attendance of around 100 executives.
Samsung Electronics Co. on Tuesday celebrated the first shipment of three-dimensional VNAND flash memory from its new fab in Pyeongtaek, Gyeonggi.
Samsung indicates that its South Korea investment could create up to 440,000 jobs. First of all, it is going to invest about $12.5 billion (14.4 trillion KRW) until 2021 to extend second floor of its first semiconductor line in Pyeongtaek.
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As global chipmakers shift their focus to higher capacity V-NAND chips, Samsung announced goals last month to shift half of its NAND chip production to the fourth generation 64-layer chip. It is also going to invest $5.21 billion (6 trillion KRW) in Hwasung and construct a new state-of-the-art system semiconductor line that will have next-generation EUV (Extreme Ultraviolet) lithography equipment.
Samsung Electronics (ssnlf) has announced that it is pumping 20.4 trillion won ($18 billion) of new investment into growing its semiconductor manufacturing facilities in South Korea. $871 million will also go to the display factory in Asan that makes OLED screens for mobile devices. Although amount of investments has not been decided yet, it is likely that Samsung Display will invest significant amount of fund since it will be constructing a new industrial complex.
The latest move reportedly comes as a response to repeated calls to big corporations from the South Korean government to invest domestically as part of a job-creation plan.
China is trying to grow its own memory chip producers but it may take several years before Chinese companies can compete with existing makers.
"With the dedication and support of our employees, customers and partners, our Pyeongtaek campus represents a new chapter in Samsung's semiconductor operations", said Kwon Oh-Hyun, vice chairman and CEO of Samsung Electronics.