Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
Samsung Electronics and SK Hynix have rejected Korea Electric Power Corp's (KEPCO) $19 billion upfront payment proposal for power supplies to support semiconductor mega clusters, according to a document obtained by Reuters. The two chipmakers found it difficult to accept the proposal following internal reviews and expressed uncertainty about the necessity of such large upfront payments, citing concerns over long-term semiconductor demand durability.
KEPCO had proposed the advance payment to allow the utility company to invest in infrastructure for powering new chip fabrication plants. Neither Samsung Electronics nor SK Hynix commented on the matter.
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