March 17, 2023
Samsung to invest $230B to build world's largest chip cluster
South Korean tech giant Samsung Electronics on Wednesday announced it expects to invest 300 trillion won ($230 billion) over the next 20 years to build what the country called the world's largest semiconductor manufacturing base, in line with efforts to boost the national chip industry

Samsung's project is part of a private-sector investment plan unveiled by the government on Wednesday. Seoul's strategy aims to expand tax breaks and support to raise the competitiveness of high-tech sectors including those involving chips, displays and batteries.

The chip-making "mega cluster," which will be established in Gyeonggi Province near the capital login or sign up to read the complete news...