Samsung to spend $228 billion on the world's largest chip facility as part of South Korea tech plan

The move is part of a broader push by the South Korean government to boost its prowess in areas including chips, displays, batteries and electric vehicles.

But the big focus is on semiconductors — critical components that go into everything from smartphones to cars — and that have increasingly become a geopolitical focal point. South Korea's expansive move is seen as a way to catch up with the U.S.'s own aggressive chip investments. South Korea's government aims to connect chip facilities in the area from Samsung to other companies to create a "semiconductor mega cluster." The idea is to link up various parts of the semiconductor supply chain from chip design to manufacturing.

Well then, Intel's partnership with Brookfield was really smart in hindsight and great for both the parties involved.

Vizyon..

You don't build plants in the US to build semiconductors that have to be shipped to Asia anyway. The average electronic product has zero US content. Spending billions on factories in the US to make a handful of parts inside the typical electronic product is STUPID.

So much for moving that supply chain closer to America.

Meanwhile, Sleezy Joe keeps pushing green deals that put America last.

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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 👍
Source: Reuters - 🏆 2. / 97 Read more »