TOKYO -- U.S. tech titan Intel has announced plans to spend $20 billion by 2024 to build two new chipmaking facilities in Arizona, but even if it manages to fend off China's growing influence on the global supply chain, it still faces the might of South Korea's Samsung Electronics and Taiwan Semiconductor Manufacturing Co.
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South Korea and Taiwan elbow out China in chip investment
Samsung and TSMC seen responsible for 43% of semiconductor capital spending
Samsung Electronics' Pyeongtaek plant on the outskirts of Seoul. Investments by Samsung alone has dwarfed those of all Chinese chipmakers over 2017-2020. (Photo courtesy of the company)
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