Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Wizz Air Beats Profit Forecast as Cost Controls Offset Industry Challenges 
Alaska Air Group Eyes Return of Financial Guidance as Fuel Market Volatility Eases 
BitGo Expands Regulated Crypto Trading Services in MENA 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
MOL Gets More Time to Negotiate Acquisition of Russian-Owned Stake in Serbia’s NIS 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
GSK Reportedly Nears $9 Billion Acquisition of Cancer Drug Developer Nuvalent 
Samsung Electronics is setting up a new semiconductor research facility in Japan near Tokyo. The South Korean firm is reportedly spending $280 million or ¥40 billion on this project.
According to NHK Japan, Samsung Electronics will build its research and development (R&D) hub in the Minato Mirai business district located in the city of Yokohama. The site is expected to be a center for inventing chip-packaging technology for high-performance silicon.
Japanese Government's Subsidy Grant
It was reported that Japan has been continuously working on attracting foreign semiconductor companies so they will open their facilities in the country. This is because the nation sees chipmaking as critical to economic security and would like to boost its local supply chain.
As part of its efforts to entice chipmakers, the Japanese Ministry of Industry revealed it will grant subsidies to Samsung Electronics worth up to ¥20 billion. With this amount, the government covers almost 50% of the total cost of the new R&D facility.
Japan will continue to scale up its chip industry as it looks to support the recovery of domestic chip manufacturing. Prime Minister Kishida Fumio confirmed that the government committed to subsidizing Samsung Electronics for its advanced chip lab in the territory. In any case, Reuters reported that the electronics firm's $280 million investment is set to be distributed over five years.
Details About the New Samsung Research Center
Meanwhile, Korea Joongang Daily mentioned that Samsung Electronics' research center in Tokyo has been named the "Advanced Package Lab" or simply APL. The hub will have a floor space measuring 71,000 square feet and be divided to house the company's research facilities and backup offices. The firm aims to open the lab in 2024 and is expected to hire about 100 new researchers.
"Samsung wishes to fortify leadership in semiconductors through continuous technology research," Samsung's head of chip unit, Kyung Kye Hyun, said in a statement this week. "Yokohama is one of the most suitable locations to collaborate with industries, universities and research centers, as it houses many companies and institutions related to chip packaging."
Photo by: Samsung Media Library
