samsung is investing 116 billion in chip production through 2030

Early last year Samsung became the world’s largest chip manufacturer (taking the crown from Intel) largely thanks to the strong performance of its memory division. Today the company announced plans to invest $116 billion through 2030 in non-memory chips.

This will help reduce its reliance on the memory segment (which didn’t do so hot last quarter). More than half of the money will go towards R&D, creating 15,000 jobs. The rest will go to building the infrastructure.

Samsung System LSI, which develops Exynos chips and modems, ISOCELL sensors and more, along with Samsung Foundry (which…