South Korean president to unveil massive AI and chip investment drive
Samsung and SK are expected to outline up to 2,000 trillion won in investments as the government backs semiconductors, AI data centres and robotics.
- On Monday, South Korean President Lee Jae Myung unveiled the "Three Mega Projects for the Great Leap Forward," a government initiative focusing on semiconductors, artificial intelligence data centers, and physical AI.
- The initiative reportedly involves about 1,000 trillion won in investment designed to promote advanced industries outside Seoul and create new sources of economic growth as Lee begins his second year in office.
- Samsung Electronics and SK Hynix will lead a semiconductor cluster in the southwestern Honam region, with officials planning to connect production, AI data centers, and physical AI industries to establish advanced industrial ecosystems.
- The People Power Party criticized the plan before announcement, arguing semiconductors require infrastructure like electricity and water rather than regional goals. Lee countered that Gwangju and South Jeolla Province earned top ratings under the previous administration.
- Spanning the coming 10 years, these projects represent a national "great leap" intended to fuel South Korea's next growth phase, aligning AI and chip ambitions with strategies to reduce regional industrial disparities.
15 Articles
15 Articles
South Korea to unveil USD 650 b. mega semiconductor, AI projects in manufacturing 'great leap'
The announcement would mark President Lee Jae Myung's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities with a "great leap"
South Korea to unveil massive AI and chip investment drive
SEOUL: South Korea is set to unveil three "mega-projects" to fuel its next growth phase, including a new semiconductor hub in the southwest that local media say could attract investments by Samsung and SK spanning hundreds of billions of dollars over several years.The announcement would mark President Lee Jae
South Korean president to unveil massive AI and chip investment drive
South Korea is set to unveil three "mega-projects" to fuel its next growth phase, including a new semiconductor hub in the southwest that local media say could attract investments by Samsung and SK spanning hundreds of billions of dollars over several years.
Samsung, SK Hynix shares fall as investors brace for reported $1.3 trillion spending plans
Shares of Samsung Electronics and SK Hynix plunged after reports surfaced that the pair are expected to unveil investment plans worth hundreds of billions of dollars.
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