In hopes of retaining the number one spot in the future, the company has announced its plans to invest at least $18.6 billion in its home country to boost production of memory chips.
Some analysts said Samsung's production technologies are at least a year ahead of rivals such as Toshiba and SK Hynix.
Internet of Things and automotive technologiesRecent emerging IT trends such as the Internet of Things (IoT), artificial intelligence (AI), big data and automotive technology has sharply increased demand for next-generation hardware components. Samsung Electronics will expand its fab in Xi'an, China, which has been running at full capacity after construction was complete in 2014. Pyeongtaek Semiconductor Line will be producing cutting-edge 4th generation 64-layer V-NAND. The higher the number of layers, the more the data can be stored at a faster data processing speed. Industry sources and analysts said the shortage is more acute for NAND chips due to increasing adoption of high-end storage products. However, the shortages are expected to remain through this year, as new production lines reportedly won't make meaningful supply contributions until 2018. The company held an event to celebrate the shipment in the presence of about 100 employees including Kwon Oh-hyun, the company's vice chairman, and Kim Ki-nam, president of Samsung's semiconductor business. The new plant on Pyeongtaek has started mass producing the first chips, that one did cost nearly 12 billion and will focus on the production of Samsung's fourth-generation V-NAND (64 layers).
It will also put KRW 6 trillion ($5.2bn) towards a new semiconductor fabrication line at its site in Hwaseong with the latest equipment, including Extreme Ultra Violet (EUV) kit, being installed.
No state budget after shutdown's first day
Chris Christie's family spent Saturday at their very own retreat in the closed park, despite the shuttered state government . New Jersey State Police, prisons, Atlantic City casinos, state lottery and racetracks will remain active.
Samsung on Tuesday also said unit Samsung Display plans to invest around 1 trillion won on a new organic light-emitting diode display complex in South Korea.
China is trying to grow its own memory chip producers but it may take several years before Chinese companies can compete with existing makers.
Jeff Horn will beat Manny Pacquiao again, says trainer
Trainer Glenn Rushton says Pacquiao was tiring towards the end of the fight, and a rematch would produce the same victor . The Australian responded by paying tribute to his rival, describing him as "an absolute warrior, a legend of the sport".
Samsung will make a huge investment towards the expansion and upgrade of its memory chip and smartphone business in South Korea.
Tennessee Sec. of State says he can't give Trump panel voter info
A spokesperson for Arizona Secretary of State Michele Reagan told KTAR in an email she has not received the commission's letter. Trump has claimed - without evidence - that between 3 million and 5 million people voted illegally a year ago .