Tech Samsung to build new chip development facility in Yokohama

[thomas]

The two neighbours on track to intensify their technological cooperation: Samsung Electronics will build a new development facility in Yokohama in a highly symbolic initiative that is expected to spur collaboration between the chip industries of Japan and South Korea.

The new facility will be built at a cost of at least 300 million yen ($222 million) in Yokohama, southwest of Tokyo, home to the South Korean company's existing facility, Samsung R&D Institute Japan. The new facility will be built separately in the city. The planned investment will leverage Japan and South Korea's mutual expertise. Samsung is the world's largest memory chip maker while Japan is a top producer of basic materials for chip production, such as wafers, and chip-making equipment. [...] The new facility will employ several hundred people and aim to start operating in 2025. Samsung is looking to make use of subsidies offered by the Japanese government for semiconductor investment. [...] The move by South Korea's most valuable company could spur more collaboration between the chip industries of the two countries. The investment is expected to be a highly symbolic move and follows a fresh rapprochement between the two countries under the leadership of South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida. The two leaders are scheduled to meet on the sidelines of the Group of Seven summit in Hiroshima next week. Yoon made a visit to Tokyo in March, and Kishida reciprocated with a visit to Seoul earlier this week.

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Samsung to build new chip development facility in Japan

$222m investment expected to spur chip collaboration between Japan, South Korea

asia.nikkei.com