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News in English (USA) / 29.06.2026 / 13:00

South Korea Unveils Ambitious Multi-Billion Dollar Investment in AI and Semiconductor Sector

South Korea has announced a series of significant investments aimed at bolstering its position in the global semiconductor and artificial intelligence industries. The government is set to spend nearly $1.3 trillion over the next decade, with major contributions from tech giants Samsung and SK Hynix, who are expected to invest approximately $880 billion. This extensive funding will support the development of chip manufacturing plants and AI data centers, further establishing South Korea as a key player in the AI boom. Notably, a new semiconductor cluster is planned in the southwest region, reinforcing the country’s strategy to double memory output in five years. As South Korea implements these ambitious projects, the nation positions itself for leadership in both the chip and AI industries.
CNBC, WSJ, Bloomberg, Yahoo Finance, Reuters, BBC, Financial Times, "Barrons", Fortune, CNN