[Samsung and SK Hynix Plan to Invest Hundreds of Trillions of KRW in New Semiconductor Clusters] BlockBeats News, June 24: Samsung Electronics and SK Hynix are exploring plans to expand investments in semiconductor clusters in the Honam region (including Gwangju and Jeollanam-do) and the Chungcheong region, with an estimated investment scale reaching hundreds of trillions of Korean won. According to industry sources on the 23rd, Samsung Electronics and SK Hynix are coordinating details to announce a large-scale regional investment plan, including the above-mentioned content, at the end of the month during a public-private joint meeting on "National Spatial Transformation (Balanced National Development)" hosted by President Lee Jae-myung at the Blue House. It is reported that the two companies are considering a plan to simultaneously build memory semiconductor production plants (front-end) and packaging plants (back-end) within the proposed semiconductor clusters in Honam and Chungcheong. Initially, the industry expected Samsung Electronics and SK Hynix to focus on back-end investments, but with front-end construction also being included in discussions, analysts believe the investment scale could further expand. Considering that the cost of building a semiconductor wafer fabrication plant (fab) is at least 60 trillion KRW, some suggest that the total investment by Samsung Electronics and SK Hynix could reach 300 trillion to 400 trillion KRW. To discuss specific investment plans and strategies, the President is scheduled to meet with Samsung Electronics Chairman Lee Jae-yong on the 25th. It is also reported that the President met with SK Group Chairman Chey Tae-won on the 19th. [Original Link]