Samsung Increases Chip Investment To $151 Billion Amidst 50% Tax Break Promises In Korea
Samsung Increases Chip Investment To $151 Billion Amidst 50% Tax Break Promises In Korea May 13, 2021 14:41 EDT South Korean chaebol Samsung Electronics has increased its capital expenditure budget for manufacturing semiconductors announced the company earlier today. Samsung's original plan, which covered investments in chip fabrication until 2030, outlied 133 trillion Korean Won in expenditure, and today the company has increased this to 171 trillion Won, which roughly equals $151 billion. Samsung announced the increase at an event held in its Pyeongtaek campus by the South Korean gover...
Source: wccftech.com