Samsung Electronics to move up start of chip factory in Yongin to 2029, source says

FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo 13 Jul 2026 08:32AM SEOUL, July 13 : Samsung Electronics aims to bring forward operation of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as the chipmaker seeks to keep up with surging demand for memory chips used in AI infrastructure, a source told Reuters on Monday.Samsung did not immediately respond to Reuters' request for comments. Yonhap News Agency first reported about the change of the plan on Sunday. Source: Reuters