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 pledged a combined investment of $2 billion in Korea's semiconductor, advanced materials, and energy sectors, according to the Ministry of Trade, Industry and Resources. The announcement was made at a ceremony co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) in Washington on September 3 (U.S. time), which involved Industry Minister Kim Jung-kwan.
Air Products, a supplier of industrial gases from the United States, intends to expand its semiconductor gas production facilities in Pyeongtaek, a city located south of Seoul. Chip equipment maker Axcelis plans to bolster its production of ion implantation systems in Korea, reinforcing the role of its existing Korean facility as an export hub for the Asia-Pacific region.
Specialty materials company Corning aims to enhance its manufacturing capabilities and invest in equipment for advanced materials essential to the creation of next-generation mobile devices and semiconductors.
Meanwhile, renewable energy company Pacifico Energy intends to develop a 3.2-gigawatt facility, contributing to Korea's renewable energy sector.
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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