Seoul attracts $2 bil. from 4 US firms in chip, energy sectors
Four U.S. companies have committed to investing a combined 2.8 trillion won ($2 billion) in Korea in the semiconductor, advanced materials and energy sectors, the industry ministry said Friday. The Ministry of Trade, Industry and Resources announced the investment commitments at a ceremony co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) in Washington on Sept. 3 (U.S. time),…
Four U.S. companies have announced combined investments of 2.8 trillion won ($2 billion) in Korea, targeting the semiconductor, advanced materials and energy sectors, according to the Ministry of Trade, Industry and Resources. This investment commitment was unveiled on September 3rd during a ceremony co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) in Washington, D.C., alongside Industry Minister Kim Jung-kwan.
Air Products, a U.S. supplier of industrial gases, intends to bolster its semiconductor gas production facilities in Pyeongtaek, located south of Seoul, as part of the agreement. The company's move aims to expand its production capabilities in the region.
Chip equipment manufacturer Axcelis plans to enhance its production of ion implantation systems within Korea. This investment will reinforce the significance of its existing Korean facility as a key export hub catering to the Asia-Pacific market.
Corning, a company specializing in specialty materials, intends to augment its manufacturing capabilities and invest in advanced materials essential for the development of next-generation mobile devices and semiconductors. Furthermore, renewable energy firm Pacifico Energy aims to construct a 3.2-gigawatt-scale facility, further solidifying Korea's position as a hub for clean energy initiatives.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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