Samsung plans to build a $230B chip production facility in South Korea that would be the world's largest.

 

Samsung plans to build a $230B chip production facility in South Korea that would be the world's largest.   The investment is part of Seoul's efforts to boost the production of chips, displays, and batteries. Seoul on Wednesday unveiled a 550 trillion won ($420B) investment plan to ensure that South Korea's semiconductor industry does not fall behind other countries. President Yoon Suk Yeol said the government will provide "location, R&D, manpower, and tax support" to ensure that the country prevails in the ongoing "economic battlefield." The plan comes as the U.S. and the EU seek to boost investments in chip manufacturing with subsidies and tax benefits.