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Samsung, SK Hynix Reject Massive Power Payment

14 Sep

Summary

Samsung and SK Hynix rejected a proposal for upfront payment.
The requested payment totals 25 trillion won ($18.7 billion).
Korea Electric Power Corp. requested the funds for semiconductor mega clusters.

Samsung Electronics and SK Hynix have rejected a major financial proposal from Korea Electric Power Corp. The state-run utility company had requested an upfront payment amounting to 25 trillion won, which is equivalent to $18.7 billion.

This substantial financial demand was reportedly intended to bolster power supply infrastructure for future semiconductor mega clusters. The semiconductor giants' decision to reject this proposal indicates a significant hurdle in the development plans for these critical industrial zones.

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