S. Korea To Set Up ‘Semiconductor Mega Cluster’ By 2047

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  • The government has shared its plans to set up specific zones for the fabless industry in Pangyo
  • Samsung Electronics Co. intends to make a substantial investment of 500 trillion won in its project

South Korea has recently shared its plan to make a “semiconductor mega cluster” in southern Seoul by 2047. The aim will be succeeded by the support of Samsung Electronics Co. and SK hynix Inc. with an investment of 622 trillion won (US$472 billion).

According to a South Korean news portal, this cluster will cover numerous industrial zones throughout southern Gyeonggi Province, boast a total area of 21 million square meters, and post a monthly production capacity of 7.7 million wafers by 2030.

The government has shared its plans to set up specific zones for the fabless industry in Pangyo, along with foundry and memory chip production facilities in Hwaseong, Yongin, Icheon and Pyeongtaek.

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It will also make an industrial zone for material, part and equipment businesses in Anseong, with research and development facilities in Giheung and Suwon.

“By completing the construction of the semiconductor mega cluster at an earlier period, we will obtain the world’s leading competitiveness in the chip sector and offer quality jobs for younger generations,” Industry Minister Ahn Duk-geun said.

Samsung Electronics Co. intends to make a substantial investment of 500 trillion won in its project, which encompasses a budget of 360 trillion won allocated for constructing six new fabs in Yongin, located 33 kilometres south of Seoul.

Additionally, the leading chipmaker in the country plans to commit 120 trillion won to establishing three new fabs in Pyeongtaek, situated 54 kilometres south of Seoul, as well as three research fabs in Giheung with an investment of 20 trillion won. The second-largest chipmaker, SK hynix, also intends to invest 122 trillion won in building four new fabs in Yongin, as per the ministry’s announcement.

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