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.
Electronics
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)
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