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Moon promise to help semiconductor business become world's greatest chip power Updated: 2019-11-22 09:42:43 KST

President Moon Jae-in says that once the nation's semiconductor industry is fully propped up with a steady supply chain of components and equipment, it will become the world's greatest semiconductor power.
Visiting a completion ceremony for a new production line at M-E-M-C Korea's electronic components factory in Cheonan , the president again promised to support the semiconductor business.
M-E-M-C Korea, which is owned by Taiwanese firm GlobalWafers, the world's third largest silicon wafer manufacturer, produces key materials for semiconductor chips.
And GlobalWafers recently announced,, it will invest over 4-hundred million U.S. dollars in new production facilities at the Cheonan plant by 2020.
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