By 2042, Samsung plans to invest $230 billion in the South Korean chip industry.

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 According to Samsung Electronics, it would spend about 300 trillion won ($230 billion) by 2042 to build the largest chip manufacturing base in the world in South Korea. The initiative is a component of a private sector investment plan worth 550 trillion won that the government revealed on Wednesday. According to reports, South Korea wants to increase supply-chain stability in order to dominate the non-memory chip market.



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