Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

May 13, 2021 02:02 pm

South Korea Unveils $450 Billion Push for Global Chipmaking Crown

South Korea unveiled ambitious plans to spend roughly $450 billion to build the world's biggest chipmaking base over the next decade, joining China and the U.S. in a global race to dominate the key technology. From a report: Samsung Electronics and SK Hynix will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devised by President Moon Jae-in's administration. They'll be among 153 companies fueling the decade-long push, intended to safeguard the nation's most economically crucial industry. Moon got a briefing from chip executives on the initiative Thursday during a visit to the country's most advanced chip factory, a Samsung plant south of Seoul. Samsung is boosting its spending by 30% to $151 billion through 2030 while Hynix is committing $97 billion to expansion at existing facilities in addition to its $106 billion plan for four new plants in Yongin, co-Chief Executive Officer Park Jung-ho said during the event. "Major global competitors are pressing ahead with massive investment to be the first to take the future market," Moon said in a speech. "Our companies have been taking risks and innovating as well and have completed preparations for tumultuous times."

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot