South Korea bets $540bn on a southwest chip hub the grid cannot yet feed
South Korea wants to build its next great chip cluster far from Seoul, in the country’s rural southwest, and it wants to do so at a pace with little precedent.
The plan collides with a harder limit than any zoning map, because the region does not yet have the electricity or the water to run it.
The Honam semiconductor complex, a roughly 800 trillion won ($540bn) bet championed by President Lee Jae Myung, is meant to be operating by the end of 2030.
It forms one arm of a wider drive worth more than $880bn across chips, AI and data centres, and it leans, as ever, on Samsung Electronics and SK Hynix, joined here by Amkor Technology Korea.
Seoul has settled on a Gwangju military airport site of about 8.3 million square metres, prized for flat land, transport links and existing utilities.
The broader plan spreads money across...
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