Samsung will make an investment of $230 billion in the semiconductor business
The South Korean tech giant is reportedly going to invest heavily in the semiconductor business. Some recent pieces of information suggest that the company is going to make an investment of $230 billion over the span of the next two decades. The company is going to build the world’s largest semiconductor hub in South Korea.
Samsung will reportedly invest a whopping $230 billion in the semiconductor business over the next 20 years. The company will build the world’s largest semiconductor hub in its homeland South Korea. The investment is a part of the most recent initiative by the local government to support the national tech sector.
A report from Reuters indicates that Samsung will build five new chip factories in South Korea over the period of next twenty years. in this way, there will be a lot of opportunities for hundreds of organizations across the country. Furthermore, the company intends to make an individual investment of around KRW 60 trillion in the next ten years outside the capital’s metropolitan area. Reportedly, this investment will be a joint collaboration of Samsung Electronics, Samsung Display, and Samsung SDI.
Samsung is advancing South Korea’s semiconductor industry
Internationally, Samsung is one of the key players in the tech industry. company has immense contributions in different sectors. One of the most noteworthy aspects of the company is its position as the largest smartphone and TV brand. It is also the biggest manufacturer of semiconductor chips.
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