South Korea to build 'world's largest' chip center with $230 billion investment from Samsung | CNN Business

The plans were announced by President Yoon Suk Yeol on Wednesday and confirmed by the electronics giant. “We will build the world’s largest new ‘high-tech system semiconductor cluster’ in the Seoul Metropolitan area based on large-scale private investment of almost 300 trillion Korean won,” he said. “In addition, we will grow the ‘semiconductor mega cluster’ to the world’s largest in connection with the existing memory semiconductor manufacturing complexes.

Sanjeev Rana, a CLSA analyst, told CNN that Samsung’s investment plans over the next two decades translates into an average of about 15 trillion won annually, which is close to its existing yearly capital expenditure. “This is in line with market expectations,” he said. Samsung is best known for its electronics division, with its popular smartphones and televisions.

This is Gloria Izekor, I hope this sudden memory chip of your's isn't a stolen idea from me,Am a proud African whom wouldn't want greedy Country and Company like you to take advantage of my Spiritual Knowledge and gift.

there must be double the security than before , and more checks for industrial sabotage...chips are more than money...they can be peoples lives..

End of the Chinese domination coming?

So the Biden chips and science act wasn't effective? Color me shocked.

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Samsung Electronics to invest $230 bln through 2042 in South Korea chipmaking baseSamsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won ($230 billion) 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. Ich halte es für notwendig, in Deutschland eine zentrale Produktionsbasis für europäische Halbleiter zu schaffen. Chip wars ? cooper_m 👍
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Samsung to invest $230 billion to build 'mega' chip clusterSamsung Electronics said Wednesday it expects to invest 300 trillion won ($230 billion) over the next 20 years as part of an ambitious South Korean national project to build the world’s largest semiconductor manufacturing base near the capital, Seoul.
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