# South Korea plans semiconductor mega cluster with 622 trillion won investment

South Korea unveiled a plan to build a semiconductor mega cluster in southern Gyeonggi Province by 2047, with a total investment of 622 trillion won (US$472 billion) from Samsung Electronics and SK hynix. The cluster will include 16 new fabs and aims for a monthly production capacity of 7.7 million wafers by 2030.

- Type: Investment
- Announced: 2024-01-15
- Where: southern Gyeonggi Province (Pangyo, Hwaseong, Yongin, Icheon, Pyeongtaek, Anseong, Giheung, Suwon), South Korea
- Value: $472.0B (622000.0B KRW)
- Jobs: 3,460,000
- Status: announced
- Capacity: 7.7 million wafers per month by 2030
- Products: semiconductors including 2nm process chips and high bandwidth memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md) (investor)
- [SK Hynix](https://endata.com/companies/2769.md) (investor)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20240115001800320), 2024-01-15: "South Korea on Monday unveiled its plan to establish what it calls a 'semiconductor mega cluster' in southern Seoul by 2047 by promoting a total investment of 622 trillion won (US$472 billion) with Samsung Electronics Co. and SK hynix Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.