Samsung Electronics to invest $230 bln through 2042 in South Korea chipmaking base

The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Jion Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry.

The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that expands tax breaks and infrastructure support to increase the competitiveness of high-tech industries including those involving chips, displays and batteries. Samsung's manufacturing additions will include five chip factories and attract up to 150 materials, parts and equipment makers, fabless chipmakers and semiconductor research-and-development organisations, the Ministry of Trade, Industry and Energy said in a statement.

Other countries have announced plans to bolster domestic chip industries, including the United States which last month released details of itsLatest Updates

FYI.. saytomahendra

Nice PR for a claim that is 19 years away

WTF ?

Fokus auf den Aufbau einer europäischen Halbleiterproduktionsbasis in Deutschland in Absprache mit der deutschen Regierung (gleiche Maßnahme wie in den USA).

👍

Chip wars ? cooper_m

Ich halte es für notwendig, in Deutschland eine zentrale Produktionsbasis für europäische Halbleiter zu schaffen.

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