Lost SnapDragon 875 order Samsung rose to the occasion: smashing $176 billion to build a new fab.

Samsung is ambitious to invest $115 billion (Rmb801.1bn) by 2030 to become the world’s largest chipmaker. However, it was reported that Samsung also lost orders for the Qualcomm SnapDragon 875 processor shortly after Samsung put in a 5nm chip. But that hasn’t dampened Samsung’s enthusiasm, withmedia reports saying it will start its third wafer factory in South Korea next month.

Lost SnapDragon 875 order Samsung rose to the occasion: smashing $176 billion to build a new fab.

Reported that the site selection and land preparation began in June this year, now plans to start in September, Samsung is urging the local government as soon as possible to complete the approval and other procedures.

The P3 plant in Pyeongtaek is expected to cost up to 30 trillion won ($176 billion) and will be Samsung’s largest chip maker when completed. At present, P1 production line in Pingze City has been put into operation, P2 is expected to fully open production capacity next year, P3 will be opened in 2023.

In addition, P4, P5, P6 site selection, exploration and construction is also in intensive progress.