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Semiconductors

ASML plans new chip equipment hub in South Korea

Dutch supplier to collaborate with Samsung, others amid China restrictions

Samsung leader Lee Jae-yong visits an ASML facility in the Netherlands on June 14. (Photo courtesy of Samsung)

SEOUL -- Semiconductor production equipment maker ASML will open a new support hub in South Korea, the Dutch company said on Tuesday, looking to establish more collaborative relationships with clients in one of its most important markets.

The company will build a 16,000-square-meter facility in the Seoul suburb of Hwaseong city, with an investment of 240 billion won ($181 million). Operations are expected to begin in the second half of 2024.

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