The South Korean government, along with 153 Korean companies, has unveiled an ambitious plan that calls for $ 450 billion in semiconductor investment. This amount will be allocated over the next decade. It is assumed that the implementation of this plan will ensure the competitiveness of the South Korean semiconductor industry at the global level in conditions when China and the United States are implementing similar national plans. Samsung Electronics and SK Hynix will lead the South Korean program.
So, in the period until 2030, Samsung will spend more than $ 151 billion on expanding existing production facilities, and SK Hynix – $ 97 billion. In addition, for $ 106 billion, Hynix plans to build four new factories.
Both Samsung and SK Hynix mainly produce memory chips, being the world leaders in this segment, while South Korea lags behind in the production of logic chips. However, the source notes that Samsung has recently been increasingly competing in this area with the Taiwanese company TSMC, which is the largest contact chip manufacturer.
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