Global Market: Samsung, SK Hynix reject $18.7 billion upfront power payment proposal
Samsung Electronics and SK Hynix have rejected KEPCO’s proposal for a 25 trillion won upfront payment to fund electricity infrastructure for planned semiconductor clusters. The move highlights concerns over uncertain chip demand and the significant costs of expanding power infrastructure.
Global Market: Samsung, SK Hynix reject $18.7 billion upfront power payment proposal
What Happened
Samsung Electronics and SK Hynix have rejected KEPCO’s proposal for a 25 trillion won upfront payment to fund electricity infrastructure for planned semiconductor clusters. The move highlights concerns over uncertain chip demand and the significant costs of expanding power infrastructure.
Key Details
Original reporting provided by Economic Times Markets.
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