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SK Group chief vows fast-tracked Gwangju chip plants

Original: SK's Chey vows to build Gwangju chip plants as fast as possible, no start date set

SK Group chairman Chey Tae-won has pledged to build new chip plants in Gwangju, South Korea, as quickly as possible, though no construction start date has been set. The commitment points to continued expansion of Korea's semiconductor capacity, and the lack of a timeline has drawn attention to the uncertainty around when the investment will actually materialise.

Why now: South Korea's push to expand domestic semiconductor manufacturing amid global chip competition is drawing close attention.

SK GroupChey Tae-wonGwangjuSouth Korea

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Evidence

• SK's Chey vows to build Gwangju chip plants as fast as possible, no start date set · Reuters

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