Samsung Electronics Co. has secured 2 trillion won ($1.45 billion) in loans from the state-run Korea Development Bank (KDB) for chip facility investment.

According to financial industry sources on Wednesday, the company applied for the loan through the lender’s special support program in April, marking its first-ever borrowing from KDB.

Analysts attribute the move to the program’s favorable terms, which offer preferential interest rates of 0.8 to 1 percentage point for large corporations and 1.2 to 1.5 percentage points for small and medium-sized enterprises.

SK hynix Inc. is also reportedly borrowing 500 billion won through the same program.

Both Samsung Electronics and SK hynix are said to be securing funds at interest rates in the lower 2 percent range, about half the cost of commercial bank loans, which average around 4 percent.

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