Shulou(Shulou.com)11/24 Report--

Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com March 15 news, according to Yonhap news agency reported today, South Korean technology giant Samsung Electronics is expected to invest 300 trillion won in the next 20 years (CTOnews.com remarks: currently about 1.58 trillion yuan) to develop the South Korean government described the world's largest chip manufacturing base, thus promoting the development of South Korea's chip industry.

South Korea's Ministry of Industry, Trade and Resources announced that it plans to invest 550 trillion won (CTOnews.com Note: currently about 2.89 trillion yuan) by 2026, including Samsung Electronics 'about 300 trillion won to build five semiconductor manufacturing bases in South Korea.

In addition, Samsung Electronics, Samsung Display, Samsung SDI and Samsung Electric said they plan to invest 60.1 trillion won in areas outside the capital circle in the next 10 years to develop chip packaging, display and battery technologies.

Samsung's new manufacturing facility will include five chip factories and will attract up to 150 material, component and equipment manufacturers, IC design plants and semiconductor R & D institutions.

Officials said the new campus would be located near Samsung Electronics and SK Hynix's existing chip factories and a number of component and equipment factories, aiming to make South Korea the world's largest semiconductor cluster. In addition, the South Korean government will also cultivate 10 IC design companies with annual revenues of more than 1 trillion won.

In addition, South Korea will provide a budget of more than 25 trillion won for research and development of strategic technologies such as artificial intelligence within five years. This year, 360 billion won will be invested in semiconductor package development and 100 billion won in power and water infrastructure in industrial parks.

The government will also expand tax incentives and support to boost competitiveness in high-tech industries including chips, displays and batteries. Of course, other countries are also taking steps to boost their domestic chip industries, including the details of the CHIPS bill released by the United States last month, which provides billions of dollars in subsidies for chip manufacturers investing in the United States.

South Korean President Yin Xiyue said at the economic policy conference that advanced industries are the engine of core growth, as well as security and strategic assets, which are directly related to South Korea's employment and public livelihood.

"The economic battleground that started with chips has expanded recently…Countries are providing massive subsidies and tax support. Private investment must also be supported to ensure further growth…The government must provide site, R & D, manpower and tax support." "

Yin Xiyue said that the South Korean government will build 14 national advanced industrial parks with a total area of more than 33 million square meters outside Seoul to cultivate aviation, smart cars and hydrogen energy industries. In addition, by 2030, the Korean government will invest 3.2 trillion won to develop next-generation semiconductor technology for power stations, artificial intelligence and other fields.

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