Samsung pulls its first Yongin memory fab forward to 2029

Samsung will start its first Yongin fab in 2029, one to two years ahead of the original 2030-2031 plan, a spokesperson told Reuters, with site prep now due to begin in late 2026. The pull-forward tracks a demand surge Samsung already sees in its books — a record 89.4 trillion won ($58.4B) Q2 operating profit, up from 4.68 trillion won a year earlier — and signals that AI memory scarcity, not caution, now sets the pace of frontier fab construction in Korea.

Source: benzinga.com ↗