Samsung Electronics began construction of a new semiconductor R&D complex in South Korea. The 109,000-square-meter R&D center is located in Goheung, south of Seoul. It will conduct cutting-edge research on next-generation devices and processes for memory and system chips, as well as develop new technologies. Samsung will invest ₩20 trillion, or $15 billion,...

Samsung was the first to begin mass production of 3-nanometer chips. Compared to conventional 5-nanometer chips, the newly developed first-generation 3-nanometer process reduces power consumption by up to 45 percent, improves performance by 23 percent and reduces chip area by 16 percent, Samsung said in a statement.

Samsung Group will invest $356 billion over the next five years in semiconductors, biopharmaceuticals and other next-generation technologies. The bulk of the investment, 80%, will be made in South Korea. The investments will help the company ensure long-term growth in the microchip and biopharmaceutical sectors.

Samsung Electronics has been awarded a contract to deploy Open Radio Access solutions for DISH Network's 5G network. Samsung will supply 5G and RAN hardware, vRAN software and various O-RAN compatible radio devices, including Massive MIMO radios. Terms of the contract were not disclosed.