Samsung to Set up Chip Packaging Research Facility in Japan
14:12 JST, December 21, 2023
TOKYO/SEOUL, Dec 21 (Reuters) – South Korea’s Samsung Electronics 005930.KS will invest around 40 billion yen ($280 million) over five years in a facility for research into advanced chip packaging it will set up in Japan, according to an announcement by the city of Yokohama.
Reuters reported in March that Samsung was looking at establishing a packaging facility in Kanagawa prefecture, where it already has a research and development center, to deepen ties with Japanese makers of chipmaking equipment and materials.
The investment comes at a time of easing tensions between South Korea and Japan as the United States encourages allies to work together to counter China’s growing technological prowess.
Companies are racing to develop advanced packaging techniques, which involve combining components in a single package to improve overall chip performance.
The Japanese facility will allow Samsung to strengthen its leadership in chips and partner with packaging-related companies based in Yokohama, the head of Samsung’s chip business Kyung Kye-hyun said in the city’s announcement.
($1 = 142.8900 yen)
"News Services" POPULAR ARTICLE
-
EU Ratchets up Pressure on TikTok’s New Rewards App over Risks to Kids, Warns of Suspension
-
Japan’s Nikkei Ends 1% Higher after Sharp Fall; Chip-Related Shares Weigh (Update 1)
-
Japan’s Yen Hits 155 Per Dollar, Weakest Since 1990
-
Strong Solar Storm Hits Earth, Could Disrupt Communications and Produce Northern Lights in US
-
Japan’s Nikkei Stumbles as Yen Gains, Mixed US Peers (Update 1)
JN ACCESS RANKING
- Weakening Yen Adds Complexity to BOJ’s Rate Hike Decisions; Rising Commodity Prices may Impact ‘Virtuous Cycle’ Efforts
- Japanese Seafood Exports to China Sink 57% in FY23; U.S. Becomes Largest Seafood Export Destination
- 70% of Japan Companies to Raise Pay Scales in FY 2024
- Minutes Show Policymaker Wants BOJ to Consider Further Rate Hikes Further
- ASEAN Plus 3 Share Concerns About Excessive Exchange Rate Fluctuation; Seeking Stability in Exchange Rate