South Korea tech Samsung Electronics giant on Wednesday announced You expect to invest 300 trillion won ($230 billion) over the next 20 years build The country is called the world’s largest semiconductor manufacturing base, in Line with efforts to promote national chip industry.
Samsung project part of a private- The sectoral investment plan that was unveiled government on Wednesday. in Seoul strategy It aims to expand tax exemptions and support to raise competitiveness of high-tech Including segments involving chips, displays and batteries.
The “mega-block” of the chip industry to be created in Gyeonggi Province near the capital Seoul by 2042, it will be solidified by five years new Semiconductor factories built from Samsung. will aim for attract 150 other producing companies materials components or design of high-tech chips, according to the South Korean Ministry of Trade, industry and energy.
Samsung new The plants will be located near their existing domestic plants and will produce both computer memory used chips for data storage and higher-margin logic Chips designed to perform introduce range of The company said.
giant in the global memory businessSamsung is trying to expand its presence in Advanced chips, so expect demand will rise in years to come with Approval of new technologies Like 5G wireless Networks, artificial intelligence, and self-driving cars.
Semiconductor block part of wider government plans announced on Wed to promote six key technology Industries that the country considers most important for export dependent economy. Apart from semiconductors they include rechargeable electric vehicles and batteries roboticspresents and autobiography-technology. the government Hopes to attract 550 trillion won ($422 billion) in Corporate investment on Those projects through 2026.
South Korea’s plan is like no other technology Major powers, including the United States, Japan and China building up Domestic chip manufacturing, the application of protection measures, tax cuts and large subsidies to attract investment.
economic battlefield that started recently with chips, have expanded. Countries provide large-scale subsidies and taxes for support, said South Korean President Yoon Sok-yul on Wednesday.
in a meeting with economic policy- Sanaa W business Leaders, Yun described technology industries as a countrykey economic growth and security and strategic drivers assets this also directly associated with the job creation and livelihood.”
“(We should support private investments for ensure additional growth. the government You must provide location and research and development, manpower, and taxes supportHe don.
(South Korea) has world- Rank manufacturing capabilities technologies in various high-tech industries such as semiconductors, secondary batteries, and displays, but (government) support And regulatory “The conditions were not sufficient,” the Commerce Ministry said. in a permit.
in january, government A proposal to raise the tax deduction rate for Enterprise investments in Chips and other strategy technologies from 8% to 15% for big companies.
Separately, Samsung Electronics, the Samsung Display unit, subsidiary Samsung SDI and Samsung Electro-Mechanics said it plans to invest $60.1 trillion won in the next 10 years in Regions outside The capital, Seoul area For the development of packaging chips, displays and battery technology.
Samsung, South Korea’s largest company, has seen its profits drop sharply in The last months are weak global economy, which was shaken by the Russian war on Ukraine is high inflation and depression demand for its consumer electronic products and memory Chips. Company profit for The three months through December were down nearly 70%, in part because chip prices fell sharply as customers adjusted their inventories to reflect economic uncertainty.
SK Hynix, another major South Korean chip maker, reported that operating Loss of 1.7 trillion won ($1.3 billion) for The period from October to December, which is marked first Quarterly deficit since 2012.
South Korea, home to the world’s two largest memory Chipmakers Samsung Electronics and SK Hynix Inc are striving to improve supply chain stability and become a leading company player in then on-memory chip field, currently It is dominated by chip makers such as Taiwan Semiconductor Manufacturing Co Ltd. (TSMC) and Intel Corp.