Samsung Electronics
Samsung’s ₩300-trillion project is part of a ₩550-trillion private sector investment plan unveiled by the government on Wednesday. Seoul’s strategy aims to expand tax breaks and support to raise competitiveness of hi-tech sectors including those involving chips, displays and batteries. “The economic battlefield, which recently began with chips, has expanded … countries are providing large-scale subsidies and tax support,” said President Yoon Suk Yeol on Wednesday.
Samsung’s manufacturing additions will include five chip factories and attract up to 150 materials, parts and equipment makers, fabless chip makers and semiconductor research-and-development organisations near Seoul, the industry ministry said in a statement.
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