Samsung commits $230B for five new chip plants in South Korea

Samsung Electronics said today that it plans to invest approximately $230 billion (300 trillion won) to build five new memory and foundry fabs in South Korea — a big move in line with the government’s ambitious aim to set up a mega semiconductor hub in Yongin, on the outskirts of Seoul. The investments will be made through 2042. 
The country’s move indicates that it is shoring up the domestic semiconductor production line to secure the supply chain as other countries, including the U.S., Taiwan, Japan, and China, are scrambling to ramp up their domestic chip manufacturing to

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