{"id":2201122,"date":"2023-05-24T08:00:02","date_gmt":"2023-05-23T23:00:02","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201122"},"modified":"2023-11-20T16:03:05","modified_gmt":"2023-11-20T07:03:05","slug":"dutch-chipmaker-asm-announces-100-million-investment-in-south-korean-expansion","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/05\/dutch-chipmaker-asm-announces-100-million-investment-in-south-korean-expansion\/","title":{"rendered":"Dutch Chipmaker ASM announces $100 million investment in South Korean expansion"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a <\/span><a href=\"https:\/\/www.asm.com\/press-releases\/2673894\"><span style=\"font-weight: 400;\">press statement<\/span><\/a><span style=\"font-weight: 400;\"> released Tuesday, Dutch chipmaker ASM outlined its intention to invest $100 million to expand its innovation and manufacturing center in Hwaseong, South Korea, about 28 miles (45 kilometers) from Seoul. This investment aims to respond to the projected increase in demand for semiconductors. Expected to be fully operational by 2025, this strategic expansion will enhance ASM\u2019s capacity for research and product development and significantly boost its manufacturing capabilities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, ASM employs over 450 staff at the Hwaseong facility. As a part of this expansion, ASM anticipates an increase in its workforce. The existing building, which spans about five acres (20,000 square meters), will be extended by an additional 7.6 acres (31,000 square meters) distributed across eight floors. This expansion is slated to more than double the facility\u2019s area allocated for research and development while the manufacturing space will nearly triple.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Dear readers,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">At KOREA PRO, we are committed to providing engaging and informative content tailored to our discerning audience. Recognizing the significance of your perspectives in enriching our offerings, we cordially extend an invitation for your participation in a brief <\/span><\/i><a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLScvzlZJxcMly2_rwvE0IkCy2sS_Vd9F_t7F0dJeUzDW4ropMw\/viewform\"><i><span style=\"font-weight: 400;\">5-minute survey<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. This opportunity allows us to capture your invaluable feedback and insights, which we greatly appreciate and consider integral to our ongoing commitment to service excellence.<\/span><\/i><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">ASM\u2019s plan to invest $100 million in South Korea is further reinforced by Germany\u2019s Merck Group\u2019s earlier <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20211008004100320\"><span style=\"font-weight: 400;\">decision<\/span><\/a><span style=\"font-weight: 400;\"> in 2021 to invest approximately $693 million into South Korea\u2019s electronics sector over four years. Both investments accentuate the ROK\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2023\/04\/how-south-koreas-k-chips-act-balances-strategic-priorities-and-foreign-affairs\/\"><span style=\"font-weight: 400;\">plans<\/span><\/a><span style=\"font-weight: 400;\"> to emerge as a global hub for semiconductor manufacturing and innovation, attracting foreign investments that stimulate economic growth and jumpstart job creation in engineering, research and development and manufacturing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The significance of these developments is further amplified amid the backdrop of geopolitical frictions, particularly the U.S. attempts to <\/span><a href=\"https:\/\/koreapro.org\/2023\/03\/why-south-korea-is-grumbling-about-new-us-chip-restrictions-on-china\/\"><span style=\"font-weight: 400;\">restrict<\/span><\/a><span style=\"font-weight: 400;\"> China\u2019s access to advanced chip manufacturing technology. As China faces potential constraints, alternative tech hotspots like South Korea will likely benefit. Investments from companies such as ASM and Merck Group and domestic chipmakers such as SK Hynix and Samsung fortify South Korea\u2019s capability to meet worldwide semiconductor demand. In sum, these investments mark a strategic shift in the global electronics sector, with South Korea poised to play an increasingly central role.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>In a press statement released Tuesday, Dutch chipmaker ASM outlined its intention to invest $100 million to expand its innovation and manufacturing center in Hwaseong, South Korea, about 28 miles (45 kilometers) from Seoul. This investment aims to respond to the projected increase in demand for semiconductors. Expected to be fully operational by 2025, this [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24],"class_list":["post-2201122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dutch Chipmaker ASM announces $100 million investment in South Korean expansion - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/05\/dutch-chipmaker-asm-announces-100-million-investment-in-south-korean-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dutch Chipmaker ASM announces $100 million investment in South Korean expansion - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"In a press statement released Tuesday, Dutch chipmaker ASM outlined its intention to invest $100 million to expand its innovation and manufacturing center in Hwaseong, South Korea, about 28 miles (45 kilometers) from Seoul. 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