Samsung and ASML intend to build an advanced chip factory in South Korea

Dutch chip-making equipment company ASML will jointly invest 1 trillion South Korean won ($760 million) with South Korea’s Samsung Electronics to build a factory that develops advanced semiconductor processing technology in South Korea.

This announcement came as South Korean President Yoon Suk-yeol visits the Netherlands on a four-day visit seeking to form a “semiconductor alliance” between the two countries.

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