Samsung to invest €214bn in chip-making ‘mega cluster’

It will aim to attract 150 other companies producing materials and components or designing high-tech chips, according to South Korea’s ministry of trade, industry and energy

The logo of the Samsung Electronics is seen at its office in Seoul (AP)

Samsung Electronics said it expects to invest 300 trillion won (€214 billion) over the next 20 years as part of an ambitious South Korean national project to build the world’s largest semiconductor manufacturing base near the capital, Seoul.

The chip-making “mega cluster”, which will be established in Gyeonggi Province by 2042, will be anchored by five new semiconductor plants built by Samsung.