South Korea Says US Companies to Invest $2 Billion in Chip, Energy Sectors
The commitments include chip equipment, advanced materials and a 3.2-gigawatt offshore wind project, South Korea’s industry ministry said.
- On Friday, the Industry Ministry announced that four U.S. companies committed $2 billion to South Korea across semiconductors, advanced materials, and energy sectors.
- Industry Minister Kim Jung-kwan attended an investment ceremony in Washington on Thursday, co-hosted by the Korea Trade-Investment Promotion Agency to finalize the commitments.
- Air Products plans to expand semiconductor gas facilities in Pyeongtaek, while Axcelis will increase ion implantation system production to strengthen its Asia-Pacific export hub role.
- Corning will invest in advanced materials for next-generation devices, while Pacifico Energy advances a 3.2-gigawatt offshore wind project in Jeonnam-Gwangju expected to host a new chips cluster.
- Industry Minister Kim stated the government will provide full-scale support to help these companies establish South Korea as an attractive investment destination and springboard for global markets.
16 Articles
16 Articles
South Korea says Air Products, three other U.S. firms pledge $2B in chip, energy projects (APD:NYSE)
Four US firms - Air Products, Axcelis Technologies, Corning and Pacifico Energy - pledged a combined $2B in South Korea projects in semiconductors, advanced materials and renewable energy.
The Economic Times
Times of IndiaGlobal Market: Four US firms commit $2 billion investment in South Korea
Four U.S. companies have committed $2 billion in South Korea across semiconductors, advanced materials and renewable energy. Investments include semiconductor gases, chip equipment, advanced glass and a 3.2-GW offshore wind project. The commitments strengthen South Koreas efforts to attract foreign investment and deepen economic cooperation with the United States.
South Korea says US companies to invest US$2 billion in chip, energy sectors
Four US companies have committed a combined US$2 billion of investment in South Korea across semiconductors, advanced materials and energy, Seoul’s Industry Ministry said on Friday (Sep 4). Read more at The Business Times.
Channel News Asia
South Korea says US companies to invest $2 billion in chip, energy sectors
SEOUL, Sept 4 : Four U.S. companies have committed a combined $2 billion of investment in South Korea across semiconductors, advanced materials and energy, Seoul's Industry Ministry said on Friday. The investments were announced during a ceremony attended by Industry Minister Kim Jung-kwan in Washington on T
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