Samsung will invest $6B in next-gen ICs

|About: Samsung Electronics Co., Ltd. (SSNLF)|By:, SA News Editor

Samsung (OTC:SSNNF, OTC:SSNLF) will invest $6B into a new fab line for next-gen integrated circuits to strengthen contract chipmaking in case the memory chip boom wears off.

The news came during the groundbreaking for a new plant building in Hwaseong, South Korea. Construction will finish in 2H19 with full-scale production beginning the next year. 

The fab will have extreme ultraviolet (EUV) lithography equipment that can etch circuits 7nm in width or smaller.

Competition: Samsung ranks fourth in contract chipmaking with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) leading the pack. Samsung hopes to move up to second place. 

Taiwan Semiconductor shares are up 2.9% to $43.62.