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Samsung, SK Hynix to build KRW800 trillion chip hub in South Korea’s southwest

South Korea is pushing to establish a second national semiconductor production base in Gwangju and South Jeolla in the country’s southwest, with Samsung Electronics and SK Hynix planning to build two memory fabs each as part of a KRW800 trillion (approx. US$517.87 ​billion) national chip ecosystem project, Yonhap reported.