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Home > News > Company News > Korea to invest $46bn in ICs a.....

Korea to invest $46bn in ICs and displays by 2024

  • Author:Ella Cai
  • Release on:2017-09-18
Korea will invest $45.8 billion in chip and display manufacturing by 2024, reports The Korea Herald.

Eleven CEOs of chip and display manufacturing companies, including Kwon Oh-hyun, vice chairman and CEO of the device solutions business of Samsung Electronics, Park Sung-woo, chairman and CEO of Hynix recently met Paik Un-gyu, Korea’s minister of trade, industry and energy, to discuss investment plans.

Samsung said it would invest $19 billion in its Hwaseong and Pyeongtaek fabs and in its OLED factory.

Hyix said it will invest $13.25 billion in a new NAND flash lines between now and 2024.

LG Display said it would invest $13.25 billion in Paju and Gumi by 2020.