South Korea Says US Companies to Invest $2 Billion in Chip, Energy Sectors
The commitments include chip equipment, advanced materials and a 3.2-gigawatt offshore wind project, South Korea’s industry ministry said.
- On Friday, the Industry Ministry announced that four U.S. companies committed $2 billion to South Korea across semiconductors, advanced materials, and energy sectors.
- Industry Minister Kim Jung-kwan attended an investment ceremony in Washington on Thursday, co-hosted by the Korea Trade-Investment Promotion Agency to finalize the commitments.
- Air Products plans to expand semiconductor gas facilities in Pyeongtaek, while Axcelis will increase ion implantation system production to strengthen its Asia-Pacific export hub role.
- Corning will invest in advanced materials for next-generation devices, while Pacifico Energy advances a 3.2-gigawatt offshore wind project in Jeonnam-Gwangju expected to host a new chips cluster.
- Industry Minister Kim stated the government will provide full-scale support to help these companies establish South Korea as an attractive investment destination and springboard for global markets.
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Global Market: Four US firms commit $2 billion investment in South Korea
Four U.S. companies have committed $2 billion in South Korea across semiconductors, advanced materials and renewable energy. Investments include semiconductor gases, chip equipment, advanced glass and a 3.2-GW offshore wind project. The commitments strengthen South Korea’s efforts to attract foreign investment and deepen economic cooperation with the United States.
South Korea says US companies to invest US$2 billion in chip, energy sectors
Four US companies have committed a combined US$2 billion of investment in South Korea across semiconductors, advanced materials and energy, Seoul’s Industry Ministry said on Friday (Sep 4). Read more at The Business Times.
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South Korea says US companies to invest $2 billion in chip, energy sectors
SEOUL, Sept 4 : Four U.S. companies have committed a combined $2 billion of 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 T
Four U.S. Companies Invest $2 Billion in Korea to Develop Semiconductor Materials and Equipment Four U.S. companies have reported a total investment of $2 billion in Korea across advanced industries, including semiconductor materials and equipment and offshore wind power. This is a significant amount, representing 5.5% of last year's annual reported Foreign Direct Investment (FDI) of $36.05 billion.
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