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Home > Industry News

Samsung Electronics plans to invest 300 trillion won by 2042 to build five new chip manufacturing plants to build the world's largest semiconductor ba

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Update time : 2023-03-17 09:48:27
        On March 15, according to Yonhap today, South Korean technology giant Samsung Electronics is expected to invest 300 trillion won in the next 20 years to develop the world's largest chip manufacturing base described by the South Korean government, thus promoting the development of the South Korean chip industry.
 
 
        The Ministry of Industry, Trade and Resources of the Republic of Korea announced that it planned to invest 550 trillion won in enterprises by 2026, including about 300 trillion won from Samsung Electronics to build five semiconductor manufacturing bases in the Republic of Korea.
        In addition, Samsung Electronics, Samsung Display, Samsung SDI and Samsung Electric said that they planned to invest 60.1 trillion won in areas outside the capital circle in the next 10 years to develop chip packaging, display and battery technology.
        It is reported that Samsung's new manufacturing facilities will include five chip factories, and will attract up to 150 manufacturers of materials, parts and equipment, IC design factories and semiconductor research and development institutions.
        The official said that this new park will be located near the existing chip factories of Samsung Electronics and SK Hynix as well as several parts and equipment factories, aiming to make South Korea the largest semiconductor settlement in the world. In addition, the Korean government will also cultivate 10 IC design companies with an annual revenue of more than 1 trillion won.
        In addition, South Korea will provide a budget of more than 25 trillion won for research and development of strategic technologies such as artificial intelligence within five years. This year, 360 billion won will be invested in the development of semiconductor packaging, and 100 billion won will be invested in the power and water infrastructure of the industrial park.
        The Korean government will also expand tax incentives and support to improve the competitiveness of high-tech industries including chips, displays and batteries. Of course, other countries are also taking measures to boost the domestic chip industry, including the details of the CHIPS Act released by the United States last month, providing billions of dollars of subsidies for chip manufacturers investing in the United States.
        At the Economic Policy Conference, South Korean President Yoon Hyatt said that advanced industries are the engine of core growth, as well as security and strategic assets, which directly affect employment and the livelihood of the public in South Korea.
        "The economic battlefield starting from chips has expanded recently... countries are providing large-scale subsidies and tax support. (We) must also support private investment to ensure further growth... The government must provide site selection, research and development, human resources and tax support."
        Yin Xiyue said that the South Korean government will build 14 national advanced industrial parks outside Seoul, with a total area of more than 33 million square meters, to cultivate aviation, smart cars and h ydrogen energy industries. In addition, by 2030, the Korean government will invest 3.2 trillion won to develop next-generation semiconductor technology for power stations, artificial intelligence and other fields.

 
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