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.