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South Korean electronics group Samsung Electronics wants to build a new semiconductor complex by 2042.

The whole world demands semiconductors. This strategic product is coveted for all kinds of electronic devices and to make the climate transition work. For example, they are important for smartphones, computers and electric vehicles. There is still a shortage of microchips.

In the news: 300 trillion won - roughly about 230 billion US dollars - the company would like to invest over the next 20 years in a semiconductor complex in South Korea.

  • That investment is part of a major South Korean policy plan to strengthen the tech sector on chips, batteries and electric vehicles. The government is encouraging the private sector to make a total investment of $420 billion. The East Asian country thus aims to gain a larger share and leading role in the global market for these strategic products. So writes the .
  • With this move, South Korea also wants to catch up with the United States, which itself is investing heavily in microchips. It also wants to have these production chains mainly on its own soil in order to be self-reliant.
    • But in the meantime, Samsung is also investing more than in the US.
  • Specifically, this would involve five new factories to form a cluster of semiconductor production. In this way, Samsung also wants to strengthen its position as a producer and supplier of semiconductors in relation to . That Taiwanese tech giant is the world's largest chip producer.
  • With this investment just outside Seoul, the company hopes to attract additional other private companies that want to cooperate. Those companies could then assist Samsung in providing equipment, components, raw materials and services needed to make microchips. In this way, much of the manufacturing chain would be centralized.
  • The South Korean government would guarantee research grants, tax breaks and the necessary infrastructure.

(fjc)

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