SEOUL/TOKYO -- Global semiconductor manufacturing equipment companies are expanding facilities in South Korea, as Samsung Electronics' plan to invest 300 trillion won ($230 billion) over the next 20 years in a new domestic production hub attracts other players and fosters a chip supply ecosystem.
Executives from semiconductor manufacturing equipment majors like U.S.-based Applied Materials, Dutch-based ASML Holdings and others have been visiting government offices in Gyeonggi province, which surrounds Seoul, to discuss investment plans, infrastructure development and tax incentives in the province.
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