Lee Jae-yong, chair of Samsung Electronics, delivers a welcome address at the national briefing on the Chungcheong advanced industry development vision presided over by President Lee Jae-myung in Asan, South Chungcheong, on the 2nd. /Courtesy of Yonhap News

Samsung said on the 2nd at the Chungcheong Advanced Industry Development Vision national briefing held at the Samsung Display Asan plant that it plans to invest about 140 trillion won in the Chungcheong region.

The investment targets four areas: displays; HBM (high bandwidth memory) plants; next-generation batteries; and package substrates for AI servers. Samsung set a goal of creating 250,000 jobs in the Chungcheong region through this investment.

Samsung Display will expand OLED lines in Asan for smartphones/IT, XR/automotive, and humanoids/wearables. Samsung Electronics will build five HBM production lines in Onyang and will expand and modernize HBM response facilities in Cheonan.

Samsung SDI will establish a mother line in Cheonan to verify next-generation battery technologies. Verified technologies will be applied to overseas production bases. Samsung Electro-Mechanics will expand package substrate facilities for AI servers in Sejong and invest in related element technology R&D and talent development.

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