SemiconductorsSamsung Electronics to build five new chip plants in South Korea
Government says $230bn plan to strengthen semiconductor supply chains
South Korea is home to Samsung Electronics, the world's biggest memory chip maker. (Photo by Karina Nooka)
KIM JAEWON, Nikkei staff writer
March 15, 2023 11:30 JST
Updated on March 15, 2023 16:06 JST
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.