South Korea says US companies to invest $2 billion in chip, energy sectors

Four U.S. companies have pledged a combined $2 billion in investment in South Korea's semiconductor, advanced materials, and energy sectors, according to the South Korean Industry Ministry. The announcement was made during a ceremony in Washington on Thursday, attended by Industry Minister Kim Jung-kwan. The investments, as detailed in a ministry press release, include Air Products expanding semiconductor gas and rare gas facilities in Pyeongtaek, Axcelis enhancing production of ion implantation systems, Corning investing in advanced glass and materials for displays and semiconductors, and Pacifico Energy advancing a 3.2-gigawatt offshore wind project expected to host a new chip cluster.

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