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,…
Yongin, Gyeonggi Province - Korea's ambitious endeavor to bolster domestic semiconductor production and fortify its standing within the global chip supply chain will witness a significant milestone this month, as the construction of the Yongin Semiconductor Cluster National Industrial Complex commences. However, the project is not without potential challenges, such as compensating residents and businesses currently on-site and meeting stringent fast-track deadlines imposed by President Lee Jae Myung, who aims to capitalize on the escalating demand for AI-driven memory chips before their market cools.
The initiative involves constructing two semiconductor clusters in Yongin's Cheoin District. The first cluster, the Yongin Semiconductor Cluster General Industrial Complex, is currently being developed by SK hynix for its memory chip fabrication facilities. Simultaneously, the Yongin System Semiconductor Cluster National Industrial Complex, tasked with accommodating Samsung Electronics' foundry and memory fabs, is set to break ground this month. The Korea Land & Housing Corp. (LH) is overseeing the project.
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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