President Yoon Visits SK Siltron Investment Agreement Ceremony
Encourages Efforts for Technological Independence During R&D Demonstration Plant Visit
[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol emphasized on the 1st that "semiconductors are a strong pillar of our economy and a national security asset."
President Yoon made these remarks in an encouragement speech while attending the investment agreement ceremony of semiconductor materials company SK Siltron in Gumi, Gyeongbuk.
He also stated, "Although there are many concerns about the current semiconductor market conditions, the government and companies must overcome this crisis," promising government support for companies making bold and proactive investments.
Through this investment agreement, SK Siltron plans to invest a total of 1.236 trillion KRW from next year until 2026 to establish a new silicon wafer production facility in Gumi 3rd Industrial Complex. According to the Presidential Office, this is expected to not only localize semiconductor materials and secure supply chains but also create employment for more than 1,000 people.
The investment agreement ceremony was attended by President Yoon, SK Group Chairman Chey Tae-won, SK Siltron President Jang Yong-ho, Minister of Trade, Industry and Energy Lee Chang-yang, Governor of Gyeongbuk Lee Cheol-woo, and Mayor of Gumi Kim Jang-ho, among others.
After the investment agreement ceremony, President Yoon inspected SK Siltron’s silicon wafer production facility and reviewed the main processes.
He then visited the research and development (R&D) demonstration plant, which is currently undergoing test operations to localize ultrapure water for semiconductors that had previously been produced using foreign technology, urging efforts toward technological independence and export expansion.
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