Which four U.S. companies are investing $2 billion in South Korea, and in which sectors?

The four U.S. companies are Air Products (industrial gases, expanding semiconductor gas and rare gas facilities in Pyeongtaek), Axcelis (chip equipment, expanding production of ion implantation systems in South Korea), Corning (advanced materials, investing in advanced glass and other materials for displays and semiconductors), and Pacifico Energy (renewable energy, advancing a 3.2-gigawatt offshore wind project in South Korea’s southwest). Collectively, they have committed $2 billion across semiconductors, advanced materials, and energy sectors.

What is the strategic significance of Pacifico Energy’s 3.2-gigawatt offshore wind project in relation to South Korea’s semiconductor industry?

According to the press release, Pacifico Energy’s 3.2-gigawatt offshore wind project is located in South Korea’s southwest and is expected to host a new chips cluster — indicating the project is strategically aligned to supply clean, large-scale energy infrastructure to support the power-intensive semiconductor manufacturing hub being developed in that region.

South Korea says US companies to invest $2 billion in chip, energy sectors

Sep 3, 2026

Four U.S. companies have committed $2 billion to invest in South Korea's semiconductor, advanced materials, and energy sectors. Projects include facility expansions by Air Products, Axcelis, and Corning, alongside a wind project by Pacifico Energy.

reuters

2026-09-03

South Korea says US companies to invest $2 billion in chip, energy sectors

South Korea says US companies to invest $2 billion in chip, energy sectors

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