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Samsung plans to open its first semiconductor plant in Yongin in 2029
Samsung Electronics announced its intention to operate its first semiconductor factory in Yongin, South Korea, in 2029—two years ahead of schedule—to meet the increasing demand for AI chips. This decision is part of the Korean government's efforts to develop the Yongin industrial complex, which will become the main hub for next-generation semiconductor production. The project aims to establish six factories within the Yongin complex to address the global demand for AI chips.
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