Last Updated: March 16, 2023, 09:00 IST
Samsung continues to give attention to the chip section for its future
Samsung Electronics Co Ltd mentioned on Wednesday it could make investments round 300 trillion received ($230 billion) by 2042 to develop what the federal government known as the world’s largest chipmaking base, in step with efforts to improve South Korea’s chip trade.
SEOUL: Samsung Electronics Co Ltd mentioned on Wednesday it could make investments round 300 trillion received ($230 billion) by 2042 to develop what the federal government known as the world’s largest chip-making base, in step with efforts to improve South Korea’s chip trade.
The quantity makes up many of the 550 trillion received in private-sector funding introduced by the federal government on Wednesday, underneath a technique that expands tax breaks and infrastructure help to enhance the competitiveness of high-tech industries together with these involving chips, shows and batteries.
Samsung’s manufacturing additions will embody 5 chip factories and appeal to up to 150 supplies, components and tools makers, fabless chipmakers and semiconductor research-and-development organizations, the Ministry of Trade, Industry and Energy mentioned in an announcement.
Other nations have introduced plans to bolster home chip industries, together with the United States which final month launched particulars of its CHIPS Act, which affords billions of {dollars} in subsidies for chipmakers that put money into the nation.
South Korea, house to the world’s two greatest reminiscence chip makers, Samsung Electronics and SK Hynix Inc, is searching for to enhance supply-chain stability to grow to be a significant participant within the non-memory chip area, at present dominated by chipmakers comparable to Taiwan Semiconductor Manufacturing Co Ltd and Intel Corp.
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