Reuters reports that Samsung is planning to invest the gargantuan $14.7 billion in a new chip-making factory over the next three years. That's the biggest investment the company has ever made into a single plant.
According to Samsung's plans, the plant is going to be built in Pyeongtaek, which is 75 km south of Seoul and create 150,000 jobs. Interestingly, the company hasn't made a final decision yet on whether the factory will create processors or memory chips.
But with Samsung estimating the new factory is going to be finished by the second half of 2017, there's a lot of time to make this decision. Rumors suggests Samsung is going to be making the upcoming Apple A9 chip, which will go into the company's future phones and tablets.
Remember Apple's former partner GT Advanced and its sapphire glass plant that went bust last year? Apparently, the Cupertino giant has plans to turn it into a massive data center.
The facility will serve as a command center for Apple's global networks. The company will invest $2 billion in the project. As a result, it will create 150 full-time Apple jobs and an additional 300 to 500 supporting jobs locally.
GT Advanced has rights to use the Mesa, Arizona plant until the end of this year. As part of its commitment, the Cupertino giant will also finance solar projects in the area.
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