Samsung Electronics and SK Hynix plan to invest in expanding wafer fabs in South Korea

Samsung Electronics plans to invest 500 trillion won, including 360 trillion won to build six new wafer fabs in Yongin, 33 kilometers south of Seoul; 120 trillion won to build three new wafer fabs in Pyeongtaek, 54 kilometers south of Seoul; and 20 trillion won to build three new research facilities in Giheung. SK Hynix will invest 122 trillion won to build four new wafer fabs in Yongin.