How nations invest to rise!
How nations invest to rise: Samsung plans to invest close to US$231 billion over the next 20 years to develop the next generation chip-making ecosystem. How do you compete in a world where nations and their companies can invest at that level? Indeed, it seems they're already winning the next five decades before they begin.
Samsung plans to invest nearly US$231 billion over the next 20 years to develop what South Korea says will be the world's largest chip-making base. The Seoul-headquartered firm, which competes with U.S.-based Intel and Taiwan's TSMC, told the BBC that the investment would help fund five new semiconductor plants. Samsung's project is part of a massive private-sector investment plan launched by the South Korean government, which comes as the Biden administration offers billions of dollars in subsidies to chipmakers that invest in the U.S.