Samsung Electronics to build five new chip plants in South Korea

Government says $230bn plan to strengthen semiconductor supply chains

20230315 Samsung

South Korea is home to Samsung Electronics, the world's biggest memory chip maker. (Photo by Karina Nooka)

KIM JAEWON, Nikkei staff writer

TOKYO -- Samsung Electronics said on Wednesday that it will build five new domestic semiconductor plants in what the government said was a 300 trillion won ($230 billion) investment over the next approximately 20 years, part of the global race to secure supply chains in the chip industry.

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