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finance.yahoo.com · Market update

Samsung's $576 Billion Chip Push Gets New Government Backing

This article first appeared on GuruFocus. Samsung Electronics (SSNLF), the global heavyweight in memory chips, smartphones and consumer electronics, stepped into an even bigger semiconductor spending cycle Monday as South Korea put more financial muscle behind its chip ambitions. Seoul plans a 5 trillion won, roughly $3.52 billion, fund for chip-material, equipment and fabless companies, plus another 5 …