Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says
Yesterday 06:22
Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says SEOUL, June 29 (Reuters) - Samsung Electronics 005930.KS and SK Hynix 000660.KS plan to each build two new massive chip fabrication sites in South Korea's southwest region as part of a national project to build chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday.
The plan was unveiled at the announcement of three new "mega-projects" by the country and the global chip giants to spur growth and dominate the AI sector.
($1 = 1,544.8000 won)
(Reporting by Joyce Lee; Editing by Christian Schmollinger)
((jack.kim@thomsonreuters.com; +822 6936 1455;))
Recent news on SK
See all newsFactbox: Key facts on South Korea's three chip and AI 'mega projects'
SK Hynix explores global financing options for new fabs, may consider overseas investments
Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership (updated)
Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says
South Korea unveils mega-project plans for chips, AI data centres