Samsung to spend $228 billion on the world’s largest chip facility as part of South Korea tech plan

PUBLISHED WED, MAR 15 20239:16 AM EDT

• Samsung Electronics said Wednesday it plans to invest 300 trillion Korean won ($228 billion) in a new semiconductor complex in South Korea.
• The move is part of a broader push by the South Korean government to boost its prowess in areas including chips, displays, batteries and electric vehicles.
• Samsung’s new facility will be part of a “semiconductor cluster” which the government says will be the largest in the world.

https://www.cnbc.com/2023/03/15/samsung-to-spend-228-billion-on-the-worlds-largest-chip-facility.html