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flag South Korea plans a $3.06 billion 12-inch, 40-nanometer chip plant to boost domestic logic chip production and reduce reliance on foreign supplies.

flag South Korea is planning a $3.06 billion, government-private funded 12-inch, 40-nanometer semiconductor foundry to boost its logic chip production and support fabless companies, amid rising global competition and demand for AI-related chips. flag President Lee Jae Myung chaired a meeting with top chipmakers and officials to advance the national semiconductor strategy, aiming to strengthen domestic capabilities, reduce reliance on foreign supplies—especially for defense chips—and establish a presidential special committee to coordinate policy and prioritize domestic chip use in critical infrastructure.

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