Report: Samsung spending $14 billion on new semiconductor fab

Samsung is reportedly making a huge investment in its next semiconductor production facility. According to ET News, the firm plans to sink $14.3 billion into new operations in Pyeongtaek City, South Korea. This will be the biggest investment in a single semiconductor production line, the site says, adding that Samsung plans to use the plant to produce DRAM along with chips for the Internet of Things.

The new installation is set to be the country's largest semiconductor production facility. It will reportedly cover over 30 million square feet—enough area for 400 soccer fields. The region is already being described as "Samsung Semiconductor Valley."

ET News doesn't have specifics on the process nodes Samsung is targeting with the new fab. However, it claims operations will begin in 2017, a timeline that could point to the production of 10-nm chips. Samsung's current South Korean operations include two semiconductor fabs, one of which is still under construction. The company also has a third fab in Austin, Texas.

Update: Samsung tells us that initial production at the new facility is expected to begin in the first half of 2017. However, the firm adds that "no final decision has been made on what specific products will be manufactured there."

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