The world's most expensive semiconductor fabrication plant--at over $14.4 billion--was announced at the ground breaking ceremony Thursday (May 7) by Samsung. Located in the Godeok Industrial Complex at Pyeongtaek City Gyeonggi-do Province--called "Samsung Semiconductor Valley"--in South Korea, Samsung will be building 10-nanometer FinFET semiconductors there.
The new plant will be finished in 2017, according to Samsung, and is reported to almost as big--at 31 million square feet plant--as Samsung's next two biggest fabs put together at Giheung and Hwaseong South Korea. It has been three years since Samsung constructed its last semiconductor fab in Hwaseong. Samsung expects the new plant to have the industry's largest capacity.
Although Samsung has not yet confirmed what chips will be fabricated there, the new plant is reported to employ about 150,000 people and to produce about $40 billion dollars per year in chip revenue producing DRAMs alone. It is also reported to be targeting the mobile space, server sector and the Internet of Things (IoT)