Samsung Electronics announced it will set up a research and development (R&D) facility in Japan. It will be an open semiconductor R&D base that will soon rise in Yokohama.
This chip development facility project is considered a collaboration between the semiconductor companies of Japan and South Korea. According to The Korea Times, the R&D's location in the southwest of Tokyo is also home to Samsung's R&D Institute in the Japanese territory.
While they are in the same area, it was reported that Samsung's facility will be operating as a separate unit. However, not much information about the plant is available at this time.
As reported by the local Japanese media, what is certain is that the facility will be a manufacturing plant for a prototype chip device. The news just boosted South Korean President Yoon Suk Yeol's plan to hand out higher tax incentives for local semiconductor producers as stated in the new K-Chips Act.
At any rate, a Japanese paper said that Samsung Electronics' new R&D hub would generate hundreds of jobs in the country, and the target date for its completion is 2025. The operation of the center is also expected to take place in the same year, and mentioned that the Korean electronics company is also looking to make use of the available subsidies being offered by the national government for all chip investments.
Finally, Business Korea reported that Samsung Electronics is investing about 30 billion yen or around KRW300 billion for the construction of the new R&D hub in Yokohama. The main products to be manufactured here are advanced semiconductor prototypes. This is said to be the back end of chip production, where a wafer is packaged into a final product after creating the electric circuits on a wafer first.
Photo by: Babak Habibi/Unsplash


Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures
Netflix Eyes South Korea for More Live Events as BTS Concert Livestream Approaches
Asian Markets Mixed as Oil Volatility and Inflation Fears Weigh on Sentiment
Global Markets Tumble as US-Iran Tensions Escalate, Oil Surges
Air Canada Express Plane Collides with Ground Vehicle at LaGuardia Airport
Gold Prices Extend Losing Streak, On Track for Worst Weekly Loss Since 1983
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks
Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability
Gold Prices Drop Amid Inflation Fears and U.S.-Iran Escalation
Iran Threatens Gulf Infrastructure as U.S.-Israel War Enters Critical 48-Hour Window
United Airlines Cuts Flights 5% Amid Soaring Fuel Costs From Iran War
South Korean Stocks Tumble as Hawkish BOK Governor Appointment Rattles Markets
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores
Iran War Fears Send Oil Prices Surging as U.S. Weighs Ground Troop Deployment
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys 



