Samsung Electronics and SK Hynix have narrowed their site search for new semiconductor fabrication plants in the southwestern city of Gwangju, according to reports from The Korea Herald.
The development marks a significant step forward in the long-planned expansion of South Korea's semiconductor manufacturing base beyond its traditional hubs in Pyeongtaek and Hwaseong.
The move underscores the urgency with which South Korea's leading chipmakers are pursuing capacity expansion to meet global demand.
Gwangju has emerged as a focal point for this industrial shift, with both companies reportedly finalizing their location assessments.
The convergence of Samsung and SK Hynix interests in the same region suggests a coordinated effort to create a new semiconductor cluster, potentially attracting ancillary suppliers and boosting local economic activity.
This development follows earlier indications that Samsung Chairman Lee Jae-yong was evaluating Gwangju as a potential site for a new facility.