South Korea Builds World’s Largest Chipset Center, Fantastic Investment of IDR 3.5 Quadrillion

loading…

The government of South Korea (South Korea) announced that it will build the largest chiset center in the world. This development is a fantastic private investment of around USD230 billion. Photo/techspot

SEOUL – The government of South Korea (South Korea) announced that it will build the largest chiset center in the world. This development is a fantastic private investment of around USD 230 billion or the equivalent of IDR 3.5 quadrillion from Samsung Electronics.

South Korean President Yoon Suk Yeol said his country will build the largest scale semiconductor cluster in the world. The facility will consist of five manufacturing plants located in Yongin, a city in the Seoul Capital Area.

“Speed ​​is important. The government will make every effort to realize the cluster project. The factories will be completed by 2042,” said Yoon as quoted from TechSpot, Saturday (18/3/2023).

The South Korean Ministry of Commerce, Industry and Energy (MOTIE) also announced plans for the mega facility as part of a project with an investment of USD 422 billion or IDR 6.2 quadrillion by 2026. The project falls into six key technology areas.

The six fields in question include semiconductors, electric vehicle batteries, autonomous vehicles, robots, displays, and biotechnology. A total of USD 260 billion or IDR 3.9 quadrillion is set aside for the semiconductor sector.

Including the establishment of the world’s largest semiconductor megacluster, the development of next-generation core technologies, as well as overseas technical cooperation and export support. Interestingly, companies will also be offered tax breaks and infrastructure support by the government.

It is known, the South Korean government will add USD 19 billion (Rp 292 trillion) for R&D, USD 275 billion (Rp 4.2 quadrillion) for chip packaging, and USD 76 billion (Rp 1.1 quadrillion) for infrastructure as part of the plan.

(wib)