Samsung on Wednesday unveiled their plan to invest $230 billion over the next 20 years in a new semiconductor production mega cluster in South Korea. The country's government believes that the new chip manufacturing site and the expansion of existing fabs will make South Korea the world's largest producer of chips, de-throning Taiwan.
"The mega cluster will be the key base of our semiconductor ecosystem," a statement by the South Korean government published by Nikkei reads. [The mega cluster will enable South Korea to] leap forward as a leading country amid fierce global competition over advanced industries."
