Mar 15, 2023

Samsung to invest in South Korea mega chip-making plan

Electronics giant Samsung says it plans to invest around 300tn won over 20 years in the South Korean government's push to develop a mega semiconductor hub in the country. "The mega cluster will be the key base of our semiconductor ecosystem," South Korea's Ministry of Trade, Industry and Energy said in a statement on Wednesday. South Korea's move comes as "Major players are ramping up efforts to boost onshore manufacturing in the semiconductor sector," Paul Triolo from the global advisory firm Albright Stonebridge Group told the BBC. "It wants to emulate to some degree Taiwan's clustering effect, where the trifecta of science parks... form a massive cluster that has attracted numerous other companies, both upstream and downstream in the supply chain," he said. Around the same time, South Korea's trade ministry raised concerns over the US policy on semiconductors. South Korea is home to other major microprocessor manufacturers such as SK Hynix.

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