A fire broke out at the Aricell lithium battery plant in Hwaseong, South Korea, and has resulted in at least 16 fatalities, with approximately 5 people still missing. According to reports, the fire started after some battery cells exploded in a warehouse containing 35,000 units. The cause of the explosion is currently under investigation, with…
South Korea: $19 Billion Chip Industry Investment
South Korea has announced plans to invest $19 billion USD in a support package for the countries semiconductor chip industry. This plan includes the $7.30 billion USD investment package previously reported by Incognito blog, which aims to boost chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. The support package will also…
South Korea: $7.30 Billion Chip Industry Investment
South Korea has announced plans to invest $7.30 billion USD in a support package for the semiconductor chip industry. This investment deal aims to boost South Korea’s position in the semiconductor market. The support package will target chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also constructing a…
South Korea: $7 Billion AI & Semiconductor Investment
South Korea, officially the Republic of Korea, is a country in the southern part of the Korean peninsula, in the northeast region of Asia. It has a population of over 51 million residents as of 2023. According to reports, the government of South Korea has announced plans to invest $6.94 billion USD into Artificial Intelligence…
South Korea: Wildfire Displaces Hundreds
Situated in East Asia, South Korea is a country located on the southern portion of the Korean Peninsula, sharing its northern border with North Korea. The Yellow Sea lies to its west, and the Sea of Japan borders its eastern side. The nation claims to be the only lawful government of the entire peninsula and…