Samsung Electronics plans to advance the start of production at its first chip factory in Yongin to the year 2029.

Industry insiders revealed on Sunday that Samsung Electronics is working to advance the production time of its first semiconductor factory in Pyeongtaek to 2029, one to two years ahead of the original plan. "Advancing the production of the first factory will enable Samsung to respond more quickly to the rapid growth in demand for artificial intelligence chips worldwide," said an industry official.