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Article: S. Korean chipmakers to spend big on infrastructure.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- October 30, 2009
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SEOUL, Oct. 29 (Yonhap) -- South Korean chipmakers will likely invest 22 trillion won (US$18.3 billion) by 2012 to update their manufacturing infrastructure and strengthen their global market presence, a trade association said Thursday. The Korea Semiconductor Industry Association (KSIA) said members like Samsung Electronics Co. and Hynix Semiconductor Inc. plan to increase investments starting in 2010, with up to 7 trillion won earmarked for use in the first year. The semiconductor industry experienced two years of negative global growth that dampened investment sentiments, but a recent rise in memory chip prices and predictions of better times have caused many companies ...