Samsung Electronics, better known for making smartphones, TVs and other consumer durables, has said that it intends to invest nearly $18 billion to expand its chip production, Bloomberg reported.
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As a part of the announcement, Samsung will invest the huge money in its Pyeongtaek plant, south of Seoul. The facility has already seen an investment of 15.6 trillion Won and the next investment will take the total investment to 30 trillion Won by 2021.
The Suwon-based company will also commit 6 trillion won to expand production in Hwaseong while it also considers a new display manufacturing site for organic light-emitting diodes by 2018 and a second production line at Xi’an in China, the report said.
The company is believed to have made the investment seeing huge potential demand from Internet of Things, artificial intelligence and automotive technologies.
It is interesting to note that though consumers connect more with the company’s smartphones and televisions, the chip business is its biggest contributor to earnings, supplying to makers of mobiles, computers and other devices.
Although, the phone comes with Bixby and a dedicated physical button for you to deploy it, users cannot directly talk to it. The delay is possibly the result of lack of data in the English language to activate the assistant’s deep learning technology.