Samsung Reportedly Plans $648 Billion South Korea Investment Over 10 Years
The plan could include up to 300 trillion won for new chip factories as Samsung expands domestic production for AI-driven demand, the report said.
- Samsung Group reportedly plans to announce a 1,000 trillion won investment in South Korea over 10 years, according to a Maeil Business Newspaper report on Friday.
- The announcement is expected Monday during a meeting with President Lee Jae Myung, where officials will discuss "three mega-projects for South Korea's great leap forward."
- To meet exponential growth in AI-driven demand, Samsung Electronics will allocate 300 trillion won to build new chip factories in the southwest of the country.
- Successive South Korean governments have pushed Samsung to expand facilities beyond Seoul, seeking to promote balanced regional development and reduce economic inequality.
- This move positions Samsung to remain competitive in the global semiconductor race as governments worldwide pour billions into manufacturing as a strategic necessity.
23 Articles
23 Articles
Samsung Group plans to announce on Monday (29) an investment of 1 trillion won (US$648 billion) in South Korea over 10 years, as part of an initiative aimed at transforming the artificial intelligence boom into an engine of national growth, a media report said. Top executives from Samsung Electronics and SK Hynix — companies that have reaped huge profits from the relentless demand for AI-driven chips — will attend a meeting with Chairman Lee Jae…
South Korean giant Samsung is expected to announce next week a record-high national investment plan of nearly $650 billion, placing massive pressure on the demand for artificial intelligence (AI) chips, according to South Korean media.
Samsung’s $647bn home investment heads for the chip-starved southwest
Numbers in the trillions have a way of losing their edges, so it is worth holding this one still for a moment. Samsung is expected to announce plans to invest 1,000 trillion won, around $647.5bn, in South Korea over the next 10 years, according to local media reports that several outlets carried on 25 June. […] This story continues at The Next Web
Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea
Samsung Group will pledge on Monday 1,000 trillion won ($648 billion) in South Korea over the next decade, a media report said, in a sweeping effort to turn a global AI-driven chip boom into a nationwide growth engine.
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