The Korean semiconductor equipment market is projected to reach $60.1 billion in 2018, up by 7.4 percent.
Samsung Electronics and SK Hynix, the world’s leading semiconductor manufacturers, announced last month they would invest a combined 36.9 trillion won ($32.8 billion) in the industry by 2024.
Samsung, the world’s leading chip provider, revealed the company plans to invest 21.4 trillion won, while SK Hynix is set to invest 15.5 trillion won in the country’s burgeoning flash memory chip sector.
China currently sits as the world’s No. 3 chipmaker behind Korea and Taiwan. However, Chinese companies are currently investing heavily in technological development and large-scale facility investments.
Samsung is a South Korean multinational conglomerate headquartered in Samsung town Seoul comprises numerous affiliated businesses.
“Samsung has increased the number of its joint development projects with equipment and materials companies by three times and the workload by five times over the past five years”.
In India, Samsung opens 15 smart Healthcare centres in Tamil Nadu & about 70000 Samsung phones & 10000 Samsung televisions sold in India every day.
Bangalore is home to the largest Samsung & LG R&D centres outside of Korea.
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Written By: Abhilasha Kumari
( Market Report & Research Analyst)