Market Chatter: Samsung Electronics Moves Up Yongin Chip Facility Launch to 2029

MT Newswires Live07-13 11:52

Samsung Electronics (KRX:005930) plans to begin operations at its Yongin chip facility in 2029, accelerating the timeline from its previous target of 2030 or 2031, Reuters reported Monday.

The company moved up the schedule to meet strong demand for AI-driven memory chips, according to the report.

The chipmaker did not immediately respond to MT Newswires' request for comment.

Shares of the tech giant fell nearly 7% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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