FILE PHOTO: A worker waters a flower bed next to the logo of Samsung Electronics during a media tour at Samsung Electronics’ headquarters in Suwon, South Korea, June 13, 2023.
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
-
American Playwright Jeremy O. Harris Arrested in Japan on Alleged Drug Smuggling
-
Japan’s Nikkei Stock Average as JGB Yields, Yen Rise on Rate-Hike Bets
-
Japan’s Nikkei Stock Average Licks Wounds after Selloff Sparked by BOJ Hike Bets (UPDATE 1)
-
Japanese Bond Yields Zoom, Stocks Slide as Rate Hike Looms
-
Japan’s Nikkei Stock Average Buoyed by Stable Yen; SoftBank’s Slide Caps Gains (UPDATE 1)
JN ACCESS RANKING
-
Keidanren Chairman Yoshinobu Tsutsui Visits Kashiwazaki-Kariwa Nuclear Power Plant; Inspects New Emergency Safety System
-
Imports of Rare Earths from China Facing Delays, May Be Caused by Deterioration of Japan-China Relations
-
University of Tokyo Professor Discusses Japanese Economic Security in Interview Ahead of Forum
-
Japan Pulls out of Vietnam Nuclear Project, Complicating Hanoi’s Power Plans
-
Govt Aims to Expand NISA Program Lineup, Abolish Age Restriction

