Samsung, SK narrow site search for Gwangju chip fabs

Samsung Electronics and SK hynix are reviewing potential chip fab sites in Gwangju and South Jeolla Province as the government moves to back an 800 trillion won ($514.7 billion) semiconductor investment plan aimed at expanding chip production beyond the Seoul metropolitan area. Cheomdan District 3 in Gwangju Innopolis, a research and development zone, and the site of the city’s military airport have emerged as key candidates because of their access to power, water, roads and nearby research faci