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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move that strengthens South Korea's position in the global semiconductor race, the government announced a national project valued at 800 trillion won ($517.87 billion) to expand chip manufacturing, with Samsung Electronics and SK Hynix investing in two new fabrication sites in the southwest region. The plan is part of a broader government push to build a chip production ecosystem and counter competition from the US and China. Both companies will develop advanced fabrication facilities to meet growing global semiconductor demand.
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Sign InThe project comes as South Korea continues to bolster its tech sector amid geopolitical tensions and global supply chain shifts. Samsung's London-listed stock (SMSN.L) closed at 5,470 won on June 26, 2026, per market data, with a weekly trading range of 5,280–5,590. The government's commitment underscores strong support for domestic chip giants, boosting long-term sector confidence.
Near-term focus remains on quarterly earnings from Samsung and SK Hynix, but this announcement supports a bullish outlook for their shares. SMSN.L at 5,470 faces resistance at 5,590 (weekly high) and support at 5,280. No immediate calendar catalysts are apparent, but tracking Korean industrial policy and earnings reports will provide further signals.