Korea nears unveiling of next chip hub outside Seoul area

South Korea is nearing an announcement on a new semiconductor production cluster outside the greater Seoul area as the government and the country's two largest chipmakers move to expand capacity for the AI era.

Kim Yong-beom, President Lee Jae Myung's chief policy adviser, said Wednesday that the government, Samsung Electronics and SK hynix had been engaged in "serious discussions" over a second semiconductor cluster, including its location and the power and water infrastructure needed to suppor ...