The new chips will be more powerful and efficient and will be used in high-performance computing applications before being put into gadgets such as mobile phones.
The Southeast Asian economy has emerged as a preferred manufacturing destination for global tech giants.
Samsung Group, South Korea's top conglomerate, looks set to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies over the next five years.
US President Joe Biden arrives in South Korea on the first leg of his Asia trip and will travel to Japan where he will attend a regional summit of the Quad - a grouping of Australia, India, Japan and the United States.
Chips built in Ohio won’t just reduce supply chain pressures but will also bolster US national security while bringing more tech jobs to the region, said Intel’s CEO.
Weakness in the South Korean won against the US dollar coupled with strong memory chip sales has boosted the chip maker's profit margins.
The Canalys survey of second-quarter sales released Thursday showed worldwide smartphone sales up 12 percent, with South Korea's Samsung holding its top position with a 19 percent market share.
Under the new arrangement, South Korean giant Samsung will use Google's Wear OS for its upcoming Galaxy smartwatches instead of its own Tizen platform.
Samsung is by far the biggest of the family-controlled conglomerates, or chaebols, that dominate business in South Korea.
Lee Kun-hee was known for his reclusive life, but became even more secluded after being left bedridden by heart attack in 2014.
Lee Jae-yong, 52, vice chairman of Samsung Electronics, committed stock manipulation, breach of trust and other offences when two other subsidiaries, Samsung C&T and Cheil Industries, merged in 2015, the prosecutors say.
China's ruling Communist Party is accused of mass detentions, forced labor, forced birth control and other abuses against Muslim minorities in the country's Xinjiang region. China denies the allegations.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.