South Korea says US companies to invest $2 billion in chip, energy sectors

Audio By Carbonatix

Four U.S. companies have committed a combined $2 billion in investment in South Korea across semiconductors, advanced materials, and energy, Seoul's Industry Ministry said on Friday.

The investments were announced during a ceremony attended by Industry Minister Kim Jung-kwan in Washington on Thursday, according to a ministry press release.

U.S. industrial gases supplier Air Products will expand semiconductor gas and rare gas facilities in Pyeongtaek, and chip equipment maker Axcelis will expand production ‌of ⁠ion implantation systems in South Korea, the ministry said.

Materials company Corning will invest in advanced glass and other materials ⁠used in displays and semiconductors, and renewable energy developer Pacifico Energy will advance ⁠a 3.2-gigawatt offshore wind project in the country's southwest expected to ⁠host a new chips cluster, according to the press release.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

Computer chip

South Korea