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.
Latest Stories
-
Nepal flood losses estimated at $2.56 billion, official says
47 minutes -
Gold holds ground with US payrolls data on radar
56 minutes -
South Korea says US companies to invest $2 billion in chip, energy sectors
1 hour -
Pampering your children will destroy them – Patience Ozokwor warns parents
2 hours -
GRA directs travellers to declare goods beyond personal effects at ports
4 hours -
Customs to scrutinise multiple new phones for possible commercial import at entry points
4 hours -
Tanker drivers suspend strike, give gov’t one month to fix deplorable roads
4 hours -
16 armed thugs arrested after fierce clash over illegal mining in Asenayo Forest Reserve
5 hours -
Why Muzic Mensah walked away from gospel and embraced highlife
5 hours -
DBG disburses over GH¢2.5bn in 5 years to agriculture, manufacturing and women-led firms
5 hours -
Ayariga rallies public, private sector support for Jamestown waste evacuation
5 hours -
‘I lost my savings after a job interview scam’
5 hours -
Canada unveils new $20 bill featuring portrait of King Charles
6 hours -
Nvidia strikes $12.9bn deal to buy AI platform Hugging Face
6 hours -
Minority caucus demands strict enforcement of disability employment quota
6 hours