Samsung and ASML to invest $760 million to build an advanced chip plant in South Korea
Publishing timestamp: 2023-12-13 10:19:11
Summary
ASML and Samsung Electronics will jointly invest 1 trillion won to build a plant in South Korea for developing high-tech semiconductor processing technology. The announcement comes as South Korean President Yoon Suk-yeol visits the Netherlands to forge a "semiconductor alliance" between the two countries. ASML is the world's only maker of extreme ultraviolet lithography machines, which are crucial for manufacturing advanced chips. The collaboration aims to strengthen the semiconductor industry and address global supply chain risks.
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Keywords: technology, asia economy, business news, asml holding nv, breaking news: technology,
Source: https://www.cnbc.com/2023/12/13/samsung-and-asml-to-build-an-advanced-chip-plant-in-south-korea.html