{"id":1887595,"date":"2023-03-15T12:45:25","date_gmt":"2023-03-15T16:45:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-korea-plans-worlds-largest-230b-samsung-chip-factory-to-rival-us-subsidies\/"},"modified":"2023-03-15T12:49:30","modified_gmt":"2023-03-15T16:49:30","slug":"south-korea-plans-worlds-largest-230b-samsung-chip-factory-to-rival-us-subsidies","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-korea-plans-worlds-largest-230b-samsung-chip-factory-to-rival-us-subsidies\/","title":{"rendered":"South Korea plans &#8216;world&#8217;s largest&#8217; $230B Samsung chip factory to rival US subsidies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsouth-korea-plans-worlds-largest-230b-samsung-chip-factory-to-rival-us-subsidies%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1887595&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">              <script type=\"text\/javascript\">document.BridIframeBurst=true;<\/script>              <script type=\"text\/javascript\" src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>               <\/p>\n<div id=\"Brid_78895622\" class=\"brid\" style=\"width:16;height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Dow Jones futures fall 600 points following international bank shares' sharp decline\">               <meta itemprop=\"description\" content=\"Dow Jones and several other stock futures fell on Wednesday morning as pressure on financial institutions continues to increase following the collapse of Silicon Valley Bank and a dip in Credit Suisse shares. Futures tied to the Dow Jones Industrial Average fell 628 points, or 1.9%, while the S&#038;P 500 and the Nasdaq-100 futures fell 1.9% and 1.6%, respectively \u2014 the latest sign of a growing financial crisis after Silicon Valley Bank collapsed last week following nearly a billion-dollar negative cash balance.\">               <meta itemprop=\"duration\" content=\"PT1M59S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-15 15:12:35\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1263190_th_1678893234.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1263190.mp4\">               <\/div>\n<p>               <script type=\"text\/javascript\"> $bp(\"Brid_78895622\", {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1263190\"}); <\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/samsung\" target=\"_blank\" rel=\"noopener\">Samsung<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">i<\/span>South Korean investors will receive more than $230 billion <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/semiconductor\" target=\"_blank\" rel=\"noopener\">Semiconductor<\/a> Production facilities will be built over the next twenty years to help us build the biggest chip factory in the globe. <\/p>\n<p>The plan will include support by the <a class=\"Link\" href=\"https:\/\/washingtonexaminer.com\/tag\/south-korea\" target=\"_blank\" rel=\"noopener\">South Korean<\/a> government. This includes the construction of five new factories and the attraction related businesses to a cluster located near Seoul. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/tiktok-lobbyist-meeting-top-biden-adviser-before-white-house-ban\" target=\"_blank\" rel=\"noopener\">TIKTOK LOBBYIST SCORED MEETING w\/ TOP BIDEN AVISOR WHOSE BEEN SLAMMED ABOUT CHINA TIES<\/a><\/b> <\/p>\n<p>&#8220;The economic battlefield, which recently began with chips, has expanded. Countries are providing large-scale subsidies and tax support,&#8221; South Korean President Yoon Suk Yeol <a class=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/samsung-electronics-invest-230-bln-through-2042-south-korea-chipmaking-base-2023-03-15\/\" target=\"_blank\" rel=\"noopener\"><\/a> Wednesday <\/p>\n<p>Samsung&#8217;s expansion in South Korea follows several other countries trying to increase their presence on the chip market, following an international shortage in the wake of the pandemic. The CHIPS Act was passed by the United States. It provided $52 billion for chipmakers to help them build factories in the United States. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">CLICK HERE TO READ MORE ABOUT THE WASHINGTON EXAMINER<\/a><\/b> <\/p>\n<p>The historic investment will represent a major expansion for South Korea&#8217;s Samsung. <a class=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/samsung-electronics-q4-profit-falls-69-device-demand-drops-2023-01-31\/\" target=\"_blank\" rel=\"noopener\">considered<\/a> The world&#8217;s largest memory chip manufacturer. Taiwan <a class=\"Link\" href=\"https:\/\/www.livemint.com\/technology\/taiwans-dominance-of-the-chip-industry-makes-it-more-important-11678788223490.html\" target=\"_blank\" rel=\"noopener\">Continue reading<\/a> Although the United States is the largest producer of chips in the world, other countries are trying to take their place. <\/p>\n<p>The United States of America is also <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/courage-strength-optimism\/united-states-to-limit-south-korean-chip-exports-as-part-of-tech-war-with-china\" target=\"_blank\" rel=\"noopener\">Take into account <\/a>In order to prevent Chinese accessing advanced technology, South Korean companies in China are being limited in their production capabilities.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/samsung-invests-230b-factory-south-korea\">South Korea to build $230B Samsung chip plant in Seoul, which will rival US subsidies<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung intends to invest more than $230 billion into South Korean semiconductor production facilities over the next 20 years in hopes of building the largest chip factory in the world. The plan, which will include support from the South Korean government, includes building five new factories and attracting related businesses to a cluster of facilities<\/p>\n","protected":false},"author":1,"featured_media":1897240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[21776,10106,13385,5220,4818,3641,8671,21775,3960,12401,6158],"class_list":["post-1887595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-230b","tag-chip","tag-factory","tag-korea","tag-largest","tag-plans","tag-rival","tag-samsung","tag-south","tag-subsidies","tag-worlds"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1887595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1887595"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1887595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897240"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1887595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1887595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1887595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}