samsung electronics co ltd said it will invest around 300 trillion won 230 billion by 2042 to develop what the government called the worlds largest chipmaking base in line with efforts to enhance south koreas chip industry the amount makes up most of the 550 trillion won in privatesector investment announced by the government under a strategy that expands tax breaks and infrastructure support to increase the competitiveness of hightech industries including those involving chips displays and batteries s manufacturing additions will include five chip factories and attract up to 150 materials parts and equipment makers fabless chipmakers and semiconductor researchanddevelopment organisations the ministry of trade industry and energy said in a statement other countries have announced plans to bolster domestic chip industries including the united states which last month released details of its chips act which offers billions of dollars in subsidies for chipmakers that invest in the country south korea home to the worlds two biggest memory chip makers samsung electronics and sk hynix inc is seeking to improve supplychain stability to become a major player in the nonmemory chip field currently dominated by chipmakers such as taiwan semiconductor manufacturing co ltd and intel corpfacebooktwitterlinkedinend of article10910131298799128