According to reports, Samsung Electronics announced on Thursday that it will invest a total of 171 trillion won (US$151 billion) in the logic chip and foundry business by 2030, which is an increase of 38 trillion won from the 133 trillion won planned for 2019.

Samsung said that the plan aims to expand its market outside the memory chip business and realize its vision of becoming the world's largest logic chip manufacturer by 2030.

In addition to investment adjustments, Samsung also said that its new fab in Pyeongtaek will be completed in the second half of 2022. The P3 production line of Pyeongtaek will use EUV lithography to produce seventh-generation 14-nanometer DRAM chips and 5-nanometer logic chips.

Samsung said its Pyeongtaek campus will become the world's leading semiconductor industry cluster and a supply base for advanced chips. At the same time, the company promised to expand its support for local partners and parts suppliers in South Korea to create a healthy ecosystem for the logic chip and foundry industries.