Chungcheong industrial construction is moving into a major development phase after detailed plans confirmed a $90 billion investment across South Korea’s central region. The long-term construction program will deliver new semiconductor packaging facilities, display manufacturing plants, battery production capacity, and advanced materials facilities through 2040. Moreover, the investment strengthens South Korea’s strategy to expand high-value manufacturing infrastructure beyond the Seoul metropolitan area while supporting growing global demand for artificial intelligence technologies.
The investment totals 140 trillion won ($90 billion) and covers projects across Asan, Cheonan, Onyang, and Sejong in the Chungcheong region. Furthermore, the programme forms part of South Korea’s broader industrial expansion strategy announced earlier this week, which seeks to reinforce national competitiveness in semiconductors, batteries, AI infrastructure, and advanced manufacturing.
Chungcheong Industrial Construction Expands Semiconductor and Display Manufacturing
The largest share of investment targets advanced display manufacturing facilities. Samsung Display will invest 67 trillion won to expand production in Asan and Cheonan. These projects will increase manufacturing capacity for next-generation display technologies serving consumer electronics and automotive markets.
Meanwhile, Samsung Electronics will invest 56 trillion won to construct advanced packaging facilities for high-bandwidth memory (HBM) chips in Onyang and Cheonan. These facilities will support AI servers requiring faster and more efficient memory solutions. Consequently, the projects will strengthen South Korea’s position within the global semiconductor supply chain.
Project details were presented during an investment event attended by President Lee Jae Myung. Additionally, Samsung Display Chief Executive Yi Chung outlined the regional investment roadmap as part of the government’s industrial development agenda.
The Chungcheong Industrial Construction represents the next phase of Samsung’s domestic manufacturing expansion. It builds on the group’s $310 billion South Korea investment program announced, which outlined nationwide investments in AI infrastructure, semiconductor manufacturing and data centers. The newly detailed Chungcheong projects identify where a significant portion of that investment will be deployed, with new semiconductor packaging, display, battery and advanced materials facilities planned across central South Korea through 2040
Chungcheong Industrial Construction Strengthens Battery and Materials Ecosystem
Besides semiconductor facilities, the program includes substantial investments in battery production and advanced materials. Samsung SDI plans to invest 9 trillion won in Cheonan by 2040. The investment will expand production and research facilities dedicated to next-generation battery technologies. As electric vehicle demand grows, these facilities will support future battery innovation and manufacturing capacity.
At the same time, Samsung Electro-Mechanics will invest 8 trillion won in Sejong by 2040. The company will build facilities producing advanced chip packaging materials for AI servers while developing skilled domestic talent. Therefore, the investment broadens the regional semiconductor ecosystem beyond fabrication alone.
The latest announcements complement South Korea’s wider semiconductor strategy unveiled days earlier. That national program includes additional semiconductor fabrication plants, AI infrastructure, robotics development, and data center construction valued at hundreds of billions of dollars. Together, these investments aim to diversify industrial growth beyond existing manufacturing hubs while reinforcing long-term technology leadership.
Industry observers expect construction activities to progress over multiple phases through 2040. As projects advance, they will generate demand for specialist contractors, engineering services, cleanroom construction, industrial utilities, logistics infrastructure, and equipment suppliers. The program also reflects continued confidence in long-term AI-driven semiconductor demand despite concerns surrounding future market cycles.
Also read: $6.3 Billion Hyundai Motor Group Innovation Hub to Power Robotics and Hydrogen
Project fact sheet
Project name: Chungcheong Industrial Construction Project
Total investment: $90 billion (140 trillion won)
Country: South Korea
Region: Chungcheong Province
Major locations: Asan, Cheonan, Onyang and Sejong
Project duration: Through 2040
Project type: Semiconductor, display, battery and advanced materials manufacturing facilities
Main developments:
- Display manufacturing expansion
- High-bandwidth memory chip packaging facilities
- Next-generation battery production and R&D facilities
- Advanced chip packaging materials manufacturing
Key sectors served:
- Artificial intelligence
- Semiconductors
- Consumer electronics
- Electric vehicles
- Advanced manufacturing
Strategic objective: Expand high-tech industrial infrastructure in central South Korea and strengthen domestic semiconductor supply chains
Project team
Project owner: Samsung Group
Semiconductor packaging developer: Samsung Electronics
Display manufacturing developer: Samsung Display
Battery facilities developer: Samsung SDI
Advanced materials developer: Samsung Electro-Mechanics
Government partner: Government of South Korea
National leadership: President Lee Jae Myung
Program presenter: Yi Chung, Chief Executive Officer, Samsung Display
Host region: Chungcheong Province
Primary end markets: AI, semiconductor, display and battery industries
Leave a Reply