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SK Group considers building a semiconductor plant in Japan
🇰🇷 South Korea /Technology

SK Group considers building a semiconductor plant in Japan

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • SK Group Chairman Chey Tae-won said the company is reviewing the possibility of building a semiconductor factory in Japan.
  • He said SK is examining sites across Japan and would consider locations with reliable electricity and water, but gave no details on a site, partner or products.
  • Bloomberg reported that SK is also considering a joint venture with a Japanese company or a small local acquisition.

SK Group is considering a semiconductor manufacturing plant in Japan, but its chairman offered no timetable or specific location for a decision.

Chey Tae-won said the review was under way during a Korea-Japan chamber of commerce leaders’ meeting in Sendai, Miyagi Prefecture. Asked about the possibility of a Japanese factory, he said the company would announce more once its assessment was complete.

We are currently in the process of reviewing it. We will let you know once the review is complete.

— Chey Tae-wonHe responded to questions about whether SK would build a semiconductor factory in Japan.

Chey said SK was looking across Japan rather than focusing on a single candidate site. “We are currently in the process of reviewing it,” he said. “We will let you know once the review is complete.” He added that “anywhere with good electricity and water” could be considered.

The chairman did not identify a potential site, joint-venture partner or production line. Bloomberg reported that SK was examining both a factory built with a Japanese partner and the possibility of acquiring a small local company. Japanese local governments have been actively seeking to attract SK hynix memory production facilities by promoting industrial sites and other incentives.

Anywhere with good electricity and water could be considered.

— Chey Tae-wonHe described the basic conditions SK would consider when examining potential sites.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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