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Real-time News
The South Korean government expects to invest 81 trillion won in the chip packaging cluster in Chungcheong Province.The South Korean government plans to build four chip factories in the southwest, with an investment of approximately 800 trillion won. Samsung Electronics will build two new semiconductor factories, and SK Hynix will build two new factories. The government expects to invest at least 30 trillion won in the chip sector over the next 15 years, including next-generation memory, edge AI, and defense.June 29th - Toyota Motor Corporation recorded its fourth consecutive month of sales decline, impacted by the turmoil in the Middle East and intense market competition. Toyota stated on Monday that its global sales in May (including those of its subsidiary Daihatsu) fell 7.4% year-on-year to 885,207 vehicles; global production declined 5.8% to 857,765 vehicles. Despite the US-Iran agreement to end the conflict, the Strait of Hormuz is only gradually reopening to navigation, and attacks on ships continue to occur. This highlights the continued heavy reliance of Toyota and other global automakers on the regions logistics corridors and energy-intensive supply chains. For Toyota, which has long held a leading global sales position, these risks are threatening its record profit levels achieved in the past fiscal year.South Korean President Lee Jae-myung: We will invest in a chip manufacturing base in the southwest region of the country.South Korean President Lee Jae-myung: The construction of the chip production facility must be completed as soon as possible.
