South Korea, Netherlands Boost Semiconductor Cooperation; ASML, Samsung to Jointly Invest in New Facility

The strategic 'chip alliance' aims to create a resilient global semiconductor supply chain amidst increasing geopolitical risks.

South Korea and the Netherlands have agreed to increase cooperation in the field of semiconductor chips, with Dutch Prime Minister Mark Rutte describing the initiative as a 'real win-win situation'.
South Korean nuclear power company KHNP has signed a contract to carry out a feasibility study into the construction of two new nuclear power plants in the southern Dutch town of Borselle, with similar contracts from U.S. company Westinghouse and France’s EDF expected soon.
The two countries have also agreed to increase cooperation in digital technologies including artificial intelligence, mobile communications and quantum research.
Dutch chip-making equipment manufacturer ASML and South Korean chipmaker Samsung Electronics have committed to jointly invest 1 trillion South Korean won ($760 million) in a new facility in South Korea focused on developing state-of-the-art semiconductor processing technology.
The 'chip alliance' between the two countries is seen as a strategic move amidst increasing geopolitical risks and is aimed at creating an organized institutional framework addressing global semiconductor supply chains.