Samsung Electronics and SK hynix have revealed their joint endeavor to construct a massive semiconductor mega cluster in Gyeonggi Province. With a combined investment of 622 trillion won, this project aims to create the largest and most advanced semiconductor hub in the world. The Korean government has pledged its support by focusing on enhancing infrastructure, fostering a favorable investment environment, and promoting the growth of the semiconductor ecosystem.
The President’s Meeting with the People on January 15 gave way to the detailed outline of the plan, which encompasses various regions in southern Gyeonggi Province including Pyeongtaek, Hwaseong, Yongin, Icheon, Anseong, Seongnam, Pangyo, and Suwon. Last year, Yongin was selected as a candidate for the national industrial complex dedicated to building this semiconductor mega cluster as part of the Advanced National Industrial Belt Plan.
The cluster will consist of a total of 19 existing semiconductor production fabs and two research fabs. However, by 2047, the cluster aims to expand with the addition of 16 new fabs, 13 of which will be dedicated to production and the remaining three to research. Samsung Electronics plans to invest 50 trillion won across multiple locations including the Yongin National Industrial Complex, the Pyeongtaek General Industrial Complex, and the Giheung Research and Development Center. Meanwhile, SK hynix will invest 122 trillion won in the Yongin General Industrial Complex.
Once completed, the mega cluster is expected to cover a staggering area of 21 million square meters, equivalent to seven times the size of Yeouido. It will also possess the capability to produce 7.7 million wafers per month by 2030, solidifying its position as the largest semiconductor production hub globally. The government anticipates that this initiative will generate around 650 trillion won in production and create approximately 3.46 million jobs.
To ensure the success of the cluster, the government will focus on four key areas: infrastructure and investment environment, ecosystem development, fostering super-wide gap technology, and securing a pool of highly skilled professionals. Streamlining approval processes and accelerating power and water supply infrastructure development will be crucial. Additionally, the government plans to introduce the Special Act on National Power Grid Expansion to expedite the construction of transmission lines.
Furthermore, there will be an expansion of the semiconductor investment tax credit, the enhancement of the supply chain independence rate to 50 percent by 2030, and the goal of increasing the number of small and medium-sized enterprises with sales of 1 trillion won or more. Additionally, the government will launch the Semiconductor Ecosystem Advancement Program, offering preferential loans and guarantees worth 24 trillion won in the next three years to promote the growth of the local fabless industry and establish Korean companies among the top 50 global fabless players.
The source of the article is from the blog coletivometranca.com.br