Samsung and SK Hynix commit $518 billion to new chip fabs in South Korea, sending semiconductor equipment stocks like Lam Research and ASML surging higher.

Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area.

Chip giants poised to announce as much as 2,000 trillion won (S$1.7 trillion) in fresh investments over a ten year period. Read more at straitstimes.com. Read more at…

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