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South Korea's $450bn investment to fix the computer chip shortage | ABC News
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A global shortage of computer chips - a key component in new cars, smartphones and even washing machines - is likely to impact production and prices.
Now, one of the biggest chip producers in the world - South Korea - is promising to spend nearly half a trillion dollars to fix the shortage.
But it's facing stiff competition from other big players with deeper pockets.
Seoul correspondent Carrington Clarke reports.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
Now, one of the biggest chip producers in the world - South Korea - is promising to spend nearly half a trillion dollars to fix the shortage.
But it's facing stiff competition from other big players with deeper pockets.
Seoul correspondent Carrington Clarke reports.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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