South Korea says it will build an enormous facility to make computer chips in greater Seoul, with about $230 billion in investment from private companies.
“We will build the world’s largest new ‘high-tech system semiconductor cluster’ in the Seoul Metropolitan area based on large-scale private investment of almost 300 trillion Korean won,” President Yoon Suk Yeol said on Wednesday. “In addition, we will grow the ‘semiconductor mega cluster’ to the world’s largest in connection with the existing memory semiconductor manufacturing complexes.”
The Seoul Metropolitan area includes the capital Seoul, neighboring city of Incheon and surrounding Gyeonggi province.
This is a developing story. More to come.