STOCKS | Samsung Electronics Starts First Major Project, Advances HBM Plant by a Year for 2028 Seventh-Gen Production

Samsung Electronics has begun construction on the first of three major Samsung Group projects: a new high-bandwidth memory (HBM) factory at its Onyang campus in Asan, South Korea. The plant is scheduled to begin operations in June 2028, about a year earlier than originally planned. According to Sina Finance, Chairman Lee Jae-yong said the campus would become a core production base for next-generation HBM. Samsung plans to mass-produce seventh-generation HBM, including HBM4E, at the site in 2028. The project includes a three-story cleanroom with a total area of about 9,400 pyeong. South Korean President Lee Jae-myung presided over the groundbreaking ceremony on the 12th. Samsung Group plans to invest 140 trillion won in the Chungcheong region. Samsung Electronics will invest 56 trillion won to build five HBM production lines at Onyang, expand supporting facilities in Cheonan and upgrade existing production facilities. Samsung Display plans to invest 67 trillion won in Asan in a production base for next-generation smartphone screens and ultra-high-resolution microdisplays. Samsung Electro-Mechanics plans to invest 8 trillion won in Sejong by 2040 in production lines for semiconductor packaging substrates used in AI servers, while Samsung SDI plans to invest 9 trillion won in battery operations in Cheonan.