South Korea to build ‘world’s largest’ chip centre

South Korea plans to invest $230bn of private investment, primarily from Samsung Electronics, to build the world’s largest chip centre, in a drive to advance the country’s position in the global industry. The cluster plan is due to be completed by 2042 and is part of the government’s investment drive in key technologies, including chips, displays and batteries, where South Korean tech giants are already established. The investment also comes as securing supplies of advanced chips is an increasingly significant international issue.