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Four U.S. Companies Pledge $2 Billion Investments in South Korea

Provided by Dow Jones Sep 4, 2026, 7:43:00 AM

By Kwanwoo Jun

Four U.S. companies have pledged a combined $2 billion in direct investments in South Korea spanning semiconductors, advanced materials and renewable energy.

South Korea's industry ministry said Friday that the investment commitments were announced by chip-making equipment supplier Axcelis Technologies, industrial-gases supplier Air Products, materials maker Corning and renewable-energy developer Pacifico Energy at a ceremony in Washington on Thursday.

Axcelis Technologies, Air Products and Corning plan to expand production facilities in South Korea, while Pacifico Energy will advance a 3.2-gigawatt offshore wind-power project in southwestern South Korea to support a new semiconductor manufacturing hub, the ministry said.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

September 04, 2026 03:43 ET (07:43 GMT)

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