Samsung Electronics (005930.KS), the world's largest memory chipmaker, is launching a massive investment drive to pioneer the space semiconductor market. As Executive Chairman Jay Y. Lee has expressed a strong commitment to securing infrastructure in the space industry, the company is accelerating its expansion into space as its next business frontier.
According to industry sources on Wednesday, Samsung Electronics has sharply increased its research and development spending for space semiconductor development this year and has begun field validation of related projects. The company previously disclosed that its combined capital expenditure and R&D budget for this year would reach 110 trillion won ($81 billion), up approximately 21.6% from 90.4 trillion won last year. In line with that increase, funding for space chip development has also been significantly expanded to intensify technology research.
