Four US firms pledge $2 billion in South Korea
Four US companies announced a combined $2 billion of investment in South Korea for semiconductors, advanced materials and energy, the industry ministry said. Air Products will expand semiconductor gas and rare gas facilities in Pyeongtaek, Axcelis will expand ion implantation system production, Corning will invest in advanced glass and materials, and Pacifico Energy will advance a 3.2-gigawatt offshore wind project in the southwest expected to host a new chips cluster. The deals were announced at a Washington ceremony attended by Industry Minister Kim Jung-kwan and come alongside media reports about possible South Korean deployments to the Strait of Hormuz.
US firms to invest $2 billion in South Korea tech and energy
Context
South Korea is seeking to grow its chip industry and related infrastructure. The ministry announced US company investments at a Washington ceremony. The government may seek parliamentary approval if it pursues any deployment to the Strait…
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