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Korea Unveils $450 Billion Push for Global Chipmaking Crown

  • Samsung and SK Hynix leading investment to rev up capacity
  • Severe chip shortages prompt global race to shore up supply
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WATCH: South Korea has unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade. (Source: Bloomberg)
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South Korea unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the U.S. in a global race to dominate the key technology.