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Samsung heir makes another on-site visit amid upbeat chip demand

All News 16:00 July 30, 2020

SEOUL, July 30 (Yonhap) -- Samsung Electronics Vice Chairman Lee Jae-yong on Thursday inspected the company's chip packaging facility as he stresses a move to prepare for rising demand for advanced semiconductors.

Lee, the de facto leader of South Korea's top conglomerate Samsung Group, visited the tech giant's Onyang Campus in Asan, some 100 kilometers south of Seoul, and checked its future plans on chip packaging solutions.

"We must lead the post-pandemic era," Lee said. "We have no time to hesitate."

This is the second time since August last year that Lee has visited the facility that specializes in semiconductor packaging.

Samsung said the packaging is becoming a core technology in its semiconductor business as demand for high capacity, low power consumption chips is increasing with the rise of artificial intelligence, 5G mobile communications and internet of Things.

This photo provided by Samsung Electronics Co. on July 30, 2020, shows Samsung Electronics Vice Chairman Lee Jae-yong (R) arriving at the company's Onyang Campus in Asan, some 100 kilometers south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

The world's largest memory chip producer has been trying to boost its packaging capability. In 2018, it established a test and system package (TSP) division dedicated to chip packaging.

Lee's visit came as Samsung reported strong second-quarter earnings on the back of its chip business.

In the April-June period, revenue from Samsung's semiconductor unit stood at 18.23 trillion won (US$15.2 billion), up 13.3 percent from a year earlier. Its operating profit from the chip business nearly doubled to 5.43 trillion won from 3.4 trillion won a year ago.


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