Business · Companies · 15 hrs ago
Samsung begins construction of $6 billion chip packaging plant in Asan
South Korean President Lee Jae Myung attended the start of a major investment project in Asan, in South Chungcheong Province, on November 12.
Samsung is building a 6 trillion won advanced chip-packaging plant at its Onyang campus, with a further 40 trillion won in advanced equipment investment planned in stages.
The site is intended to become a key hub for packaging high-bandwidth memory chips, used in advanced computing.
Other projects planned in the central Chungcheong region include memory and packaging facilities in Cheongju, an AI data center in Dangjin and a drug-production site in Osong.
Lee said the government would help provide permits, electricity and water so investment plans in Chungcheong, Honam and Yeongnam can proceed.
He said local residents should share in the gains, through opportunities for local businesses and jobs that allow young people to stay in the region.
The other regional projects are preparing for construction, while central and local governments have pledged to support their progress.
Samsung began construction of a semiconductor advanced-packaging plant at its Onyang campus in Asan, South Korea, on November 12.
The plant is planned as a 6 trillion won investment, with an additional 40 trillion won in advanced equipment investment to follow.
President Lee Jae-myung attended the groundbreaking ceremony and said the investment should benefit local residents as well as businesses.
Samsung Chairman Lee Jae-yong said the site would become a hub for advanced high-bandwidth memory packaging.
The ceremony was part of a wider Chungcheong regional investment plan that also includes projects in Cheongju, Dangjin, Osong and Sejong.
- Who
- Samsung is building the plant. President Lee Jae-myung and Samsung Chairman Lee Jae-yong attended the groundbreaking ceremony.
- What
- Construction began on an advanced semiconductor-packaging plant planned as a 6 trillion won investment.
- When
- November 12, 2026.
- Where
- Samsung Electronics’ Onyang campus in Asan, South Chungcheong Province, South Korea.
- Why
- Samsung plans to develop the site into a key hub for advanced high-bandwidth memory packaging.
This story does not have two clearly opposing sides.
Lee Jae-myung said a bold investment plan for the Chungcheong region was promised.
Samsung began construction at its Onyang campus in Asan, four months after the investment plan was announced.
- Plant investment
- 6 trillion won
- Additional equipment investment
- 40 trillion won
- Construction site
- Samsung Electronics’ Onyang campus, Asan
- Groundbreaking date
- November 12, 2026
- Planned role
- Advanced high-bandwidth memory packaging hub
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What people are saying
The fruits of these huge investments must be shared by local residents.
I will focus all policy capabilities on ensuring that megaprojects do not stop at expanding companies’ production facilities to the regions, but are completed as ‘growth for all’ and ‘genuine balanced national development’ that tangibly change the lives of local communities and the people.
This place will transform into an advanced HBM hub, the heart of AI semiconductors.