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Samsung Electronics and SK Hynix will invest a combined 800 trillion won (US$518 billion) to build a semiconductor manufacturing hub in South Korea’s southwest.
The South Korean government's semiconductor plan involves an investment of approximately $518 billion (or 800 trillion won).
South Korean President Lee Jae Myung unveiled a government plan for a semiconductor/AI industrial push on Monday.
South Korean President Lee Jae Myung unveiled a government plan on Monday to invest in semiconductor manufacturing.
South Korea’s government unveiled a plan to invest $518 billion in semiconductor projects to tap the artificial intelligence boom and maintain an industrial advantage over China.
Samsung Electronics and SK Hynix plan to invest more than $500 billion in a new chip-making hub in southwestern South Korea.
South Korea announced a government investment plan in AI chip production worth more than $576 billion over several years.
South Korea unveiled sweeping artificial intelligence and semiconductor mega-projects expected to attract hundreds of billions of dollars in investment over the coming years.
South Korean President Lee Jae-myung has announced his administration is seriously considering easing financial regulations to unlock massive investment in the artificial intelligence (AI) and semiconductor sectors.