Samsung to invest $90 billion in South Korea's Chungcheong province

Seoul: Samsung Group ​detailed plans on Thursday ​to invest 140 trillion ​won ($90 billion) for production of display panels, batteries, chips and chip materials in ‌the central ⁠province of ⁠Chungcheong.

* Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 56 trillion to build packaging facilities for high-bandwidth memory chips ⁠in Onyang ‌and Cheonan.

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* The ​plan fits ​into bigger investment ⁠plans the group rolled out on Monday. ​Details were provided by Samsung ​Display CEO Yi Chung at an event hosted by President Lee Jae Myung on Thursday.

* Samsung SDI to spend ‌9 trillion won by 2040 in Cheonan for production and ​research ​and development ⁠of next-generation batteries.

* Samsung Electro-Mechanics to invest 8 trillion won by 2040 in Sejong ​to produce advanced chip packaging materials for AI servers and nurture domestic talent.