South Korea has announced plans to build the world’s largest semiconductor cluster by 2047, with a combined investment of 622 trillion won, or approximately 16.5 trillion baht.
The project includes the construction of 16 semiconductor fabs, with 3 of them dedicated to research and development. Samsung Electronics will invest 500 trillion won for 6 fabs in Yongin, 3 fabs in Pyeongtaek, and another 3 research centers in Giheung. SK hynix, on the other hand, will invest 122 trillion won to build 4 fabs in Yongin.
The South Korean Ministry of Industry estimates that this project will create 3.46 million jobs. Additionally, it aims to increase the country’s self-supply capability from the current 30% to 50%.
TLDR: South Korea plans to create the world’s largest semiconductor cluster by 2047, investing 622 trillion won. This project includes the construction of 16 semiconductor fabs, with Samsung Electronics and SK hynix as major investors. The government expects it to generate 3.46 million jobs and improve the country’s self-supply capability to 50%.
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