Samsung breaks ground on new semiconductor fabrication facility

Earlier this week, Samsung broke ground on its new semiconductor fabrication facility at the Godeok Industrial Complex in Pyeongtaek, Korea.

The electronics company is the No. 2 chip maker based on revenue, and it's unknown what will be specifically manufactured at the facility. Some Korean news sources say DRAM memory chips will be the focus of manufacturing, with space allowed for mobile processors depending on global demand.

The new industrial complex will have more than $14 billion invested by Samsung, which is the largest amount it has invested in a single facility.

"The added fabrication capabilities will enable Samsung to solidify its industry leadership in the expanding mobile and server sectors, as well as respond to growing need for semiconductor components in the Internet of Things (IoT) marketplace," the company said in a public statement.