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Samsung's $230bn chip hub draws top equipment makers to Seoul area

Local supply chain development to facilitate R&D, echoing TSMC in Taiwan

Samsung's announced investment in new chip plants in South Korea, among the largest ever, is attracting other players in the chip supply chain. (Photo courtesy of Samsung Electronics)

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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