South Korea has approved the Yongin Semiconductor National Industrial Complex, marking a major leap in strategic industrial development. Spanning 7.28 million square meters, the complex will house six semiconductor fabs, three power plants, and over 60 partner companies. Backed by $205B in private investment, it is expected to create 1.6 million jobs. Construction is set to begin in December 2026, with the first fab operational by 2030. The project also integrates residential development to balance urban growth with industrial expansion, underscoring South Korea’s commitment to global semiconductor leadership.
My Take
With six large-scale fabs planned, the Yongin complex will position South Korea as a leader in advanced semiconductor manufacturing. It will drive next-generation technologies such as AI and other cutting-edge chips.
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Link to article:
https://www.businesskorea.co.kr/news/articleView.html?idxno=232614
Credit: Business Korea
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