Samsung is constructing a third manufacturing line at its existing plant near Seoul to become the world’s largest chipmaker by 2030. According to a report from Reuters, the massive South Korean company will invest $151 million in chip production through 2030, which comes as South Korea just announced a new round of loans and tax breaks for domestic chipmakers last week.
Ford has undoubtedly felt the effects, closing most of its North American and European plants for weeks. Therefore, it should come as no surprise that many companies like Samsung are currently working to ramp up their chip production as quickly as possible.
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