This photo, taken Monday, shows a training aircraft flying near a military airport in Gwangju. The South Korean government announced the airport as the future site for a semiconductor production cluster. Photo by Yonhap
A military airport in the southwestern city of Gwangju was selected Monday as the site for a government-led project to create a semiconductor production cluster, a presidential official said.
The selection was made in a meeting earlier in the day between government officials and top executives of leading chipmakers -- Samsung Electronics Co. and SK hynix Inc. -- to discuss follow-up measures for the investment project, presidential chief of staff Kang Hoon-sik said at a press briefing.
The president will hold monthly meetings to personally check the progress in the massive investment project, he added.
The envisioned chip production cluster is part of the government's "three megaprojects" initiative, centered on large-scale investments in semiconductors, physical artificial intelligence (AI) and AI data centers in regional areas.
