Yongin national chip cluster construction begins this month amid compensation, fast-track risks
YONGIN, Gyeonggi Province — Korea’s ambitious plan to expand domestic semiconductor production capacity and strengthen its position in the global chip supply chain will take another step forward this month, as construction is set to begin on the Yongin Semiconductor Cluster National Industrial Complex in Gyeonggi Province this month. The initiative, however, is not free from possible delays,…
In Gyeonggi Province, South Korea, the construction of the Yongin Semiconductor Cluster National Industrial Complex is set to commence this month, marking progress in the nation's drive to bolster its domestic semiconductor production capacity and reinforce its standing within the global chip supply chain. However, the ambitious project is not without potential setbacks, such as compensation for existing residents and businesses at the site, as well as the urgency to adhere to fast-track construction deadlines imposed by President Lee Jae Myung.
The initiative aims to capitalize on the escalating demand for artificial intelligence (AI)-driven memory chips before the market cools. Two semiconductor clusters are planned in Yongin's Cheoin District, with one already under construction by SK hynix for memory chip fabrication and the other, the Yongin System Semiconductor Cluster National Industrial Complex, scheduled to begin this month.
This site will accommodate Samsung Electronics' foundry and memory fabs. The Korea Land & Housing Corp. (LH) oversees the project.
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