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korea′s biggest tech company is gettingeven bigger... samsung electronics unveiled plans for a giganticfactory. the plant< expected to begin rolling inthe first half of 2017<... got a head start thanks to the governments′ deregulationdrive. shin seï¼min takes us to the scene.this construction site will be home to samsung electronics′ new dram memory chip line...ata cost of 14ï¼andï¼aï¼half billion u.s. dollars.it′s being built in pyeongtaek<… 70 kilometers south of seoul<… and will officiallybegin churning out chips in the first half of 2017.with this addition… to the already existing
massive production line in giheung and hwaseong<samsung says it will be able to solidify its lead in the global chip business.the tech giant also aims to grow its presence in the semiconductor sector<… hoping todrive up its sagging smartphone earnings. the pyeongtaek project is massive<… samsung′slargest ever investment in a single production line.it′s expected to generate 150ï¼thousand jobs and produce 37ï¼billion dollars in revenue.in a written statement< the company said that the pyeongtaek line will give the companya leg up in the internet of things industry. and since the new plant couples well withpresident park geunï¼hye′s deregulation push< investments in the plant acceleratedand the government was able to help with steady
electric power and industrial water supplies.president park attended the opening ceremony< saying the government will continue to raisethe competitiveness of the industry by eliminating regulations...in order to boost high valueproduct industries like the system semiconductors. since entering the market 40 years ago<samsung electronics has led the global memory chip market for the last 22 years.shin seï¼min< arirang news.
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