Samsung and Hynix Announce Massive $471bn Investment Plan for Next 24 Years

Earlier today, the Korean government unveiled its ambitious semiconductor investment plan that will span over the next 24 years, until 2047. The plan aims to solidify Korea's position as a global leader in the semiconductor industry and boost its economy.

The private sector is expected to invest a staggering $471 billion in the semiconductor industry during this period. Samsung, the South Korean multinational conglomerate, plans to contribute $378 billion to this investment, while Hynix, another major player in the industry, will invest $92 billion.

This substantial investment will be utilized to construct 13 state-of-the-art fabrication plants, also known as fabs, along with three cutting-edge research facilities. These facilities will be equipped with the latest technologies and will play a crucial role in advancing Korea's semiconductor capabilities.

One of the key objectives of this investment plan is to establish a semiconductor hub in Pyeongtaek, a city in South Korea. By 2030, this hub is expected to have the capacity to produce a staggering 7.7 million wafers per month, further solidifying Korea's position as a global semiconductor powerhouse.

In addition to expanding production capacity, the Korean government aims to increase its market share in the logic semiconductor sector. Currently holding a 3% market share, the goal is to capture 10% of the market by 2030. This ambitious target reflects Korea's determination to compete with other major players in the industry and become a dominant force in the logic semiconductor market.