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Seoul hails Taiwanese chip investment for easing Japan reliance

GlobalWafers opens $450m wafer factory expected to supply Samsung

Japanese suppliers such as Sumco and Shin-Etsu Chemical collectively hold about 60% of the global wafer market. (Photo courtesy of GlobalWafers) 

SEOUL -- Taiwan's GlobalWafers, the world's third-largest maker of silicon wafers for microchips, on Friday began operating a roughly $450 million factory in South Korea that the government in Seoul hailed for reducing the country's reliance on Japanese suppliers.

South Korean President Moon Jae-in was on hand for the opening ceremony at the plant, which is expected to mainly supply top Korean chipmaker Samsung Electronics.

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