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Samsung to invest $230bn in ICs

March 15, 2023


“The economic battlefield, which recently began with chips, has expanded, countries are providing large-scale subsidies and tax support,” said President Yoon Suk Yeol earlier today, “we must support private investments to ensure further growth. The government must provide location, R&D, manpower, and tax support.”

The Korean government’s strategy aims to raise the tax deduction rate for facility investments in chips and other strategic technologies from 8% to 15%.

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