Samsung Electronics will invest 300 trillion won ($227 billion) over the next 20 years to build five new chip plants in South Korea as part of the government’s goal to establish “the world’s largest” chip center by 2042.
The plans were unveiled by the South Korean Ministry of Trade, Industry, and Energy on March 15. The ministry said the chip center will be established in Gyeonggi Province and attract 150 materials, components, and fabless companies. (Fabless companies include design and sales while outsourcing manufacturing.)
