Signage is seen at Samsung 837 in Manhattan, New York City, U.S., November 23, 2021. (Photo: REUTERS)

The world’s largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap. 

“Samsung Electronics is seeking to overcome the limits of semiconductor scaling,” it said in a statement.