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Samsung Boosts Non-Memory Chip Investment to $151 Billion as South Korea Offers Bigger Tax Breaks


Samsung Boosts Non-Memory Chip Investment to $151 Billion as South Korea Offers Bigger Tax Breaks
Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won ($151 billion) through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage.
Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won ($883 million) in loans for its local chip industry.
Some 153 chip companies including global No.1 and 2 memory chip makers Samsung and SK Hynix already have plans to invest a combined 510 trillion won or more between this year and 2030, according to the Korea Semiconductor Industry Association. ....

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South Korea announces bigger tax breaks, loans to bolster local microchip industry


Print
SEOUL South Korea on Thursday announced bigger tax breaks plus 1 trillion won ($883 million) in loans for the local chip industry as it navigates a challenging operating environment amid a
Many countries are working to bolster local chip supply chains as the severe shortage affects production in industries such as autos, and in March U.S. President Joe Biden flagged plans to invest $50 billion in semiconductor manufacturing and research.
Some 153 chip companies including global No.1 and 2 memory chip makers Samsung Electronics and SK Hynix already have plans to invest a combined 510 trillion won ($450 billion) or more between this year and 2030, according to the Korea Semiconductor Industry Association. ....

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Samsung boosts non-memory chip investment to $151 billion as S.Korea offers bigger tax breaks


Samsung boosts non-memory chip investment to $151 billion as S.Korea offers bigger tax breaks
By Joyce Lee and Heekyong Yang
Reuters
SEOUL (Reuters) -Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won ($151 billion) through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage.
Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won ($883 million) in loans for its local chip industry.
Some 153 chip companies including global No.1 and 2 memory chip makers Samsung and SK Hynix already have plans to invest a combined 510 trillion won or more between this year and 2030, according to the Korea Semiconductor Industry Association. ....

Soult Ukpyolsi , South Korea , South Korean , Heekyong Yang , Joyce Leeediting , Elaine Hardcastle , Joe Biden , Joyce Lee , Shri Navaratnam , Jinwook Burm , Institute Of Semiconductor Engineers , Samsung Electronics On , Korea Semiconductor Industry Association , Samsung Electronics , Korea Semiconductor Industry , Korean President Moon Jae In , Hyundai Motor , Lincoln Feast , தெற்கு கொரியா , தெற்கு கொரியன் , எலைன் ஹார்ட் கேஸில் , ஓஹோ பிடென் , மகிழ்ச்சி லீ , திரு நவரட்னம் , சாம்சங் மின்னணுவியல் ஆன் , கொரியா குறைக்கடத்தி தொழில் சங்கம் ,

S.Korea announces bigger tax breaks, loans to bolster local chip industry


TechnologySamsung boosts non-memory chip investment to $151 bln as S.Korea offers bigger tax breaks
Joyce Lee
3 minute read
The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji
Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won ($151 billion) through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage.
Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won ($883 million) in loans for its local chip industry. ....

Soult Ukpyolsi , South Korea , South Korean , Joe Biden , Thomson Reuters Trust Principles , Samsung Electronics , Korea Semiconductor Industry Association , Korea Semiconductor Industry , Korean President Moon Jae In , Hyundai Motor , Thomson Reuters Trust , தெற்கு கொரியா , தெற்கு கொரியன் , ஓஹோ பிடென் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சாம்சங் மின்னணுவியல் , கொரியா குறைக்கடத்தி தொழில் சங்கம் , கொரியா குறைக்கடத்தி தொழில் , கொரியன் ப்ரெஸிடெஂட் நிலா ஜே இல் , ஹூண்டாய் மோட்டார் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,