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South Korea, Samsung Electronics Co. He announced the plans of leading companies such as. and SK Hynix Inc. will spend $471 billion to create the world’s largest chip
This was reported by Bloomberg, according to a report from Ukrinform.
The country’s government has presented a plan that envisages a certain amount of investment from the private sector in the period until 2047. These funds will go towards the construction of 13 chip factories and three research centers, in addition to the 21 already existing enterprises.
The area of the complex is expected to cover the area from Pyeongtaek to Yeonin. It will be the world’s largest and will be able to produce 7.7 million chips every month by 2030.
Working closely with private companies, the Korean government is increasing its support for the domestic chip industry, which accounts for approximately 16% of total exports.
While Japan and Taiwan are investing in their own chip industries, the Korean government has promised to provide significant tax breaks to domestic chip companies.
As reported by Ukrinform, South Korea’s Ministry of Science announced its intention to establish a full-fledged space agency in May this year, as the country aims to join the ranks of developed countries in spaceflight.
Photo from saltwire.com
Source: Ukrinform
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