South Korea invests €450 billion in new chip factories

Digital Advance South Korea Pushes Chip Manufacturing with Hundreds of Billions

2026-07-03 Source: dpa | Translated by AI 1 min Reading Time

Related Vendor

SIMTOS (Seoul International Machine Tool Show)

South Korea aims to secure its position as a technological power in the long term with investments in the triple-digit billion range in the chip sector, it is stated ...

The South Korean chip manufacturers Samsung and SK Hynix are on the rise. But that is not enough for the country! South Korea's government now aims to invest billions to maintain its leading role in the long term ...(Image: Samsung Electronics) — The South Korean chip manufacturers Samsung and SK Hynix are on the rise. But that is not enough for the country! South Korea's government now aims to invest billions to maintain its leading role in the long term ...
(Image: Samsung Electronics)

In the southwest of South Korea, a new semiconductor ecosystem is set to emerge with corporate investments amounting to approximately 450 billion euros (approx. $482 billion). This was announced by President Lee Jae Myung in Seoul. With these funds, leading tech companies Samsung Electronics and SK Hynix are expected to each build two new chip factories. Investments in data centers and robotics are also planned to follow. "We are now opening a new chapter in the history of Korea," emphasized Lee. According to further information from the South Korean government, the aim is for the country's companies to double their capacity for producing DRAM memory chips within the next five years. The project is also seen as an attempt to establish a long-term presence amid the intensifying technology competition between the two world powers, the USA and China. Incidentally, Samsung Electronics and SK Hynix are the world's largest producers of memory chips. They have benefited from a massively increased demand in the wake of the AI boom.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.