South Korea Unveils $880 Billion Chip and AI Investment Plan
South Korea has announced an ambitious $880 billion investment plan for its chip and AI industries. However, major players like Samsung and SK Hynix have expressed concerns that the Yongin cluster alone may not be sufficient to meet the demands of the AI era.
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Samsung, SK hynix say Yongin won't be enough for AI era
Samsung Electronics and SK hynix on Tuesday reaffirmed plans to invest about 800 trillion won ($518 billion) to turn Korea's southwest into the country's next semiconductor hub beyond Yongin, citing surging AI-driven memory demand. Samsung Vice Chairman Jun Young-hyun and SK hynix Chief Executive Officer Kwak Noh-jung laid out their investment road maps at a government-hosted event at the Kimdaejung Convention Center in Gwangju, a day after the government and major companies unveiled three megap
By The Korea Herald
Read full article →South Korea unveils $880bn chip and AI investment plan
South Korea has unveiled plans for at least $880bn (£666bn) in investment to expand the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years.
By Abubakar Ibrahim
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