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SK will invest 73 trillion won in South Korea next year to increase production capacity, and over 60% will be used for chips and materials

SK will invest 73 trillion won in South Korea next year to increase production capacity, and over 60% will be used for chips and materials

  • Categories:News
  • Time of issue:2022-09-15 09:49
  • Views:

(Summary description)According to foreign media reports, SK, the second largest enterprise group in South Korea, has announced that it will invest 73 trillion won, or about 52.4 billion dollars, in South Korea next year to improve the production capacity of chips, green energy and biological manufacturing in South Korea.

SK will invest 73 trillion won in South Korea next year to increase production capacity, and over 60% will be used for chips and materials

(Summary description)According to foreign media reports, SK, the second largest enterprise group in South Korea, has announced that it will invest 73 trillion won, or about 52.4 billion dollars, in South Korea next year to improve the production capacity of chips, green energy and biological manufacturing in South Korea.

  • Categories:News
  • Time of issue:2022-09-15 09:49
  • Views:
Information

According to South Korean media reports, SK Group announced on Wednesday local time that it would invest 73 trillion won in South Korea next year. In addition to increasing investment to improve the production capacity of related products, they will also invest 25 trillion won in the next five years for technology research and development in the above related fields to improve the technical competitiveness in the field of future growth power.

South Korean media reported that of the 73 trillion won SK Group plans to invest in South Korea next year, 48.7 trillion won will be invested in chips and materials, 12.8 trillion won will be invested in electric vehicle batteries, hydrogen energy and other renewable energy, 9.8 trillion won will be invested in digital technology including 5G, and 2.2 trillion won will be invested in biopharmaceutical fields including new drug research and development, vaccine production and OEM.

Not only most of the funds used for production investment are invested in the fields of chips and materials, but research and development funds will also be tilted towards these two fields. The Korean media mentioned in the report that most of the 25 trillion won funds used for research and development will be invested in the field of semiconductors and materials.

Source: TechWeb.com.cn   

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