TechBloomberg Tech1h ago
Samsung, SK Hynix Reject Kepco’s Power Grid Prepayment Plan
TL;DRSamsung and SK Hynix refused to prepay for electricity to fund Korea's power infrastructure.
Why it matters: Chip makers' rejection signals tension over costs for expanding semiconductor manufacturing capacity in Korea.
Samsung Electronics Co. and SK Hynix Inc. have rejected a proposal from Korea Electric Power Corp. that would have seen the two pay in advance for electricity in order to finance the construction of grids to power new technology clusters.
Read full articleSource: Bloomberg Tech · Opens in new tab