# IQ Lab breaks ground on 8-inch power semiconductor fab in Busan, South Korea

IQ Lab held a groundbreaking ceremony for a new 8-inch power semiconductor fab in the Busan Power Semiconductor Small Head Specialized Complex. The company will invest 100 billion won to build a factory capable of producing 30,000 8-inch power semiconductors annually.

- Type: New facility
- Announced: 2024-06-05
- Where: Jangan-eup, Gijang-gun, Busan, South Korea
- Value: $72.0M (100.0B KRW)
- Status: under construction
- Capacity: 30,000 8-inch power semiconductors annually
- Products: 8-inch power semiconductors, SiC power semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [IQ Lab](https://endata.com/companies/77880.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/economy/11034359), 2024-06-05: "IQ Lab held a groundbreaking ceremony for a new plant at the Busan Power Semiconductor Small Head Specialized Complex in Jangan-eup, Gijang-gun, Busan."

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