Samsung, SK Group To Unveil Investment Plan Worth Hundreds Of Billions To Boost AI And Chip Production

Source: International Business Times

President Lee Jae Myung said South Korea must move more quickly than competitors to secure leadership in technologies supporting the AI era. AFP South Korea announced an 800 trillion won ($518 billion) national semiconductor initiative that includes new fabrication plants by Samsung Electronics and SK Hynix, marking one of the country's largest industrial investment programs as governments continue to strengthen critical technology supply chains. Shares of Samsung Electronics fell 4.