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Samsung to invest $230bn in ICs

Samsung is to spend $230 billion on semiconductors over the next 20 years under a Korean government plan for the private sector to invest $422 billion in the tech sector, including chips, batteries and displays.

www.electronicsweekly.com/, Mar. 15, 2023 – 

"The economic battlefield, which recently began with chips, has expanded, countries are providing large-scale subsidies and tax support," said President Yoon Suk Yeol earlier today, "we must support private investments to ensure further growth. The government must provide location, R&D, manpower, and tax support."

The Korean government's strategy aims to raise the tax deduction rate for facility investments in chips and other strategic technologies from 8% to 15%.

Samsung's plans include five more fabs.

The government will provide $20 billion for R&D over five years, $276 billion to develop chip packaging, and $77 billion in electricity and water infrastructure for industry.

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