South Korean president to unveil massive AI and chip investment drive
Samsung Electronics and SK Hynix will each build two plants as the government backs a broader push into semiconductors, AI data centers 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.
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South Korea’s government and top tech companies are committing $1 trillion to several flagship megaprojects that could bolster global memory chip supply, build new AI data centers and spur commercial deployment of humanoid robots by 2028. The announcement comes as South Korean companies such as Samsung and SK Hynix have enjoyed record profits and stock valuations due to the AI industry’s demand for memory chips—with the subsequent supply strain …
South Korea’s largest companies have announced massive investments to address the global memory chip shortage, reflecting the country’s ambitions to bolster its position in artificial intelligence. The two South Korean giants have committed to investing over $550 billion to combat the “Ramageddon” crisis. The world’s two largest memory chip manufacturers plan to invest $518 billion (approximately 800 trillion won) to build four new memory factor…
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With billions of investments, South Korea wants to consolidate its global market position in the chip and AI industry. Converted to a total of 569 billion euros, it is expected to flow into factories and data centers.
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