LAM RESEARCH CORPORATION DECIDES TO ESTABLISH TECHNOLOGY CENTER IN GYEONGGI AREA
SIGNED INVESTMENT MOU BETWEEN GYEONGGI LOCAL GOVERNMENT AND LAM RESEARCH AND JOINT ESTABLISHMENT OF KOREA TECHNOLOGY CENTER
- R&D CENTER TO DEVELOP CORE EQUIPMENT FOR SEMICONDUCTOR MANUFACTURING PROCESS, WITH AN INITIAL $50 MILLION INVESTMENT
- EXPECTED TO REVITALIZE THE LOCAL ECONOMY BY GYEONGGI-PROVINCIAL RESIDENTS BEING GIVEN PRIORITY IN A JOB AND TO CREATE MORE THAN 30 NEW JOBS
- IT IS EXPECTED TO ESTABLISH ITSELF AS AN ECOLOGICAL CENTER OF KOREA'S SEMICONDUCTOR WHICH HOLDS "WORLD'S LARGEST SEMICONDUCTOR CLUSTER"
The Gyeonggi Local Government signed MOU on investment with a global semiconductor equipment company, Lam Research, and decided to jointly establish R&D center, Korea Technology Center, for core equipment of semiconductor manufacturing process.
Governor of the Gyeonggi Local Government and Tim Archer, CEO of Lam Research, signed a memorandum of understanding on investment that jointly promotes the establishment of Korea Technology Center.
According as the Korea Technology Center with an initial investment of $50 million(KRW 60 billion) is attracted ,the world's largest semiconductor cluster (Samsung Electronics(Giheung, Whaseong and Pyeongtaek), SK Hynix (Icheon and Yongin), and Korea Technology Center) is expected to establish itself as the center of Korea's semiconductor ecosystem.
In accordance with this agreement, the Gyeonggi Local Government will try to support various licensing administrations to enable Lam Research to successfully execute this investment plan and to solve many problems and difficulties that may arise. With this, Lam Research decided to establish Korea Technology Center as planned and to contribute to the revitalization of local economy by hiring Gyeonggi-provincial residents first.
Since the establishment of Korea Technology Center accelerates the localization of semiconductor equipment, the rate of the localization of semiconductor equipment is expected to be greatly increased and more than 300 new science and engineering professionals created.
Meanwhile, Lam Research is a leading provider of innovative wafer manufacturing equipment and services to the semiconductor industry.
Now, there is Lam Research Manufacturing Korea, Lam Research's global equipment manufacturing facility in Osan-city, Gyeonggi-province.
Sources and Inquiry: Dept. of Investment Promotion, Gyeonggi Local Government
TEL. 031-8008-2719