Samsung to spend $228 billion on the world's largest chip facility as part of South Korea tech plan
Publishing timestamp: 2023-03-15 11:39:25
Summary
Samsung Electronics plans to invest $228 billion in a new semiconductor complex in South Korea, which will be part of the world's largest semiconductor cluster. The move is part of a broader push by the South Korean government to boost its prowess in critical technologies, including chips, displays, batteries, and electric vehicles. The government aims to connect chip facilities in the area from Samsung to other companies to create a "semiconductor mega cluster." The investment will happen over years to 2042, and the big focus is on semiconductors, which have become a geopolitical focal point.
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Keywords: samsung electronics co ltd, business news, taiwan semiconductor manufacturing co ltd, united states, sk hynix inc, south korea, politics, enterprise, internet, semiconductor device manufacturing,