Samsung Electronics will invest $230 billion in South Korea’s chip manufacturing base by 2042 | – #Samsung #Electronics #invest #billion #South #Koreas #chip #manufacturing #base
SEOUL, March 15 (Reuters) – Samsung Electronics Co Ltd ( 005930.KS ) said on Wednesday it will spend about 300 trillion won (230 billion dollars) will invest. Efforts to develop South Korea’s chip industry.
The amount is to increase the competitiveness of high-tech industries, including chips, displays and batteries tax It accounts for the bulk of the 550 trillion won in private sector investment announced by the government on Wednesday as part of a strategy to expand concessions and infrastructure support.
The Ministry of Trade, Industry and Energy said in a statement that Samsung’s manufacturing additions will include five chip factories and involve up to 150 materials, parts and equipment manufacturers, fabless chip manufacturers and semiconductor research and development organizations.
Other countries, billions to chip makers investing in the country dollars subsidies offer which details the CHIPS Act that does USA announced plans to develop the domestic chip industry, including
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South Korea, home to the world’s two biggest memory chip makers, Samsung Electronics and SK Hynix Inc ( 000660.KS ), is trying to improve supply chain stability to become a major player in the non-memory chip space, which is currently dominated by chipmakers. Such as Taiwan Semiconductor Manufacturing Co Ltd ( 2330.TW ) and Intel Corp ( INTC.O ).
($1 = 1,305,1200 won)
Reporting by Heekyong Yang and Joyce Lee; Edited by Christopher Cushing
Our standards: Thomson Reuters Trust Principles.
2023-03-15 07:18:40
Source – reuters
Translation“24 HOURS”