Samsung Announces $310 Billion Investment Plan to Boost AI and Semiconductor Expansion

Samsung has announced a $310 billion investment plan over the next five years aimed at expanding its artificial intelligence and semiconductor operations. The initiative includes the construction of a new semiconductor facility, Pyeongtaek Plant 5, scheduled to begin operations in 2028.

The company stated that the new plant will be designed to meet growing global demand for memory chips and strengthen both the global semiconductor supply chain and South Korea’s domestic chip ecosystem. Samsung Electronics, already one of the world’s largest memory chip producers, continues to benefit from rising demand driven by AI-related computing needs.

As part of the investment package, Samsung SDS will establish two AI data centers in South Jeolla and Gumi. The company did not disclose specific details about their capacity or timelines.

The plan also includes initiatives beyond AI, with Samsung SDI exploring a domestic production line for next-generation batteries, including all-solid-state batteries.

The announcement follows the South Korean Government’s pledge to triple its AI spending next year, as part of efforts to position the country among the world’s top three AI powers.