Samsung invests $230 billion to build the world’s largest chip manufacturing plant

Samsung said it plans to invest about $230 billion over 20 years. in order to use its segment of the production of semiconductor chips. Thanks to these investments South Korean company intends to build the world’s largest semiconductor chip manufacturing plant in South Korea. The move is in line with the South Korean government’s plan to develop the domestic chip industry.

With an investment of around R$1.2 trillion, Samsung intends to build five new chip manufacturing facilities. According to the South Korean government, The investment will attract about 150 companies specializing in materials, chip manufacturing equipment and research to the country..

Samsung plans to invest heavily in its subsidiaries Samsung Display and Samsung SDI to improve display and battery technologies. The companies intend to invest 60.1 trillion South Korean won over the next 10 years, which is equivalent to approximately 238 million Brazilian reais at the current exchange rate of the South Korean won.

The South Korean government is also investing

The South Korean government has launched a private investment model of about US$383 billion or 500 trillion South Korean won to support high-tech sectors such as batteries, displays and semiconductor chips. The goal is to improve the country’s competitiveness in these sectors and strengthen the business environment by offering support and tax incentives.

As India and the United States offer tax incentives to attract investment in the semiconductor industry, Samsung has unveiled its plan for significant investment in the sector. The announcement was made on Wednesday (15) in the midst of an increasingly competitive market scenario.

The South Korean government has announced that it will invest 25 trillion won over the next five years to support research and development in advanced sectors such as artificial intelligence, in addition to Samsung’s own investments in the semiconductor industry. The goal is to strengthen South Korea’s position as a technological leader and improve the country’s competitiveness.

Part of the South Korean government’s total investment of 25 trillion won in research and development, 360 billion won will be used to develop chip packaging technologies, and 100 billion won will be allocated to supply electricity and water to industrial facilities. These investments are critical to maintaining South Korea’s position as a technology leader and driving the country’s economic growth.

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