South Korea unveils $1tn chip and AI investment plan

It comes as regional rivals like Taiwan, China and Japan are investing heavily in chip factories and other technology.

Samsung and SK Hynix plan $590bn chipmaking expansion

Companies to invest alongside South Korean government in factories to meet surging demand for memory chips

South Korea announces more than $1 trillion AI, chip investment drive

South Korean president frames the push as a race against time to secure the country's domination in AI boom.

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.

South Korea unveils US$650 billion megaprojects to dominate global AI, chip market

South Korea rolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years. The announcement marks ⁠Lee’s boldest push yet to align South Korea’s AI and chip ambitions with ‌his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of ‌Samsung Electronics and SK Hynix, the worl...

By Reuters

Samsung, SK Hynix, Micron face antitrust class action lawsuit

The reason RAM got so expensive: Samsung, SK Hynix and Micron just got sued over it

Three companies that make nearly all the world's memory chips—Samsung, SK Hynix and Micron—face a US class action lawsuit accusing them of restricting DRAM supply to inflate prices. Filed in California, the complaint alleges the trio cut DDR3 and DDR4 output, pivoted to pricey AI-focused HBM, and gouged consumers. It marks the third such price-fixing cycle among the same firms.

By TOI TECH DESK

Samsung, SK Hynix to Spend $520 Billion on Chip Plants in South Korea

The world’s two largest memory-chip makers said their existing investments wouldn’t be enough to meet demand, amid a worldwide shortage.

Korea to power regional growth with AI, chip ‘megaprojects’

South Korea on Monday unveiled a blueprint for three flagship "megaprojects" centered on semiconductors, artificial intelligence data centers and physical AI, seeking to create new growth engines while promoting more balanced development beyond the capital region. President Lee Jae Myung convened business leaders and government officials at Cheong Wa Dae in Seoul to present the projects to the public, pledging to personally oversee their implementation and ensure their swift execution. The plan

By The Korea Herald

South Korean president to unveil massive AI and chip investment drive

The announcement would mark Lee Jae Myung's boldest ‌push yet ‌to align South Korea's AI and chip ambitions with his pledge to the country's narrow ​regional disparities.

South Korea to unveil massive AI and chip investment drive

Local media have reported that the planned investments could exceed 1,000 trillion won (US$651.41 billion) over the coming years.

South Korea taps Samsung, SK Hynix in $576-billion AI chip drive to cement global leadership

South Korean President Lee Jae Myung casts the initiative as a 'great leap forward,' centered on the 'triple axis' of semiconductors, physical AI and data centers

By Reuters

South Korea unveils $576B AI-chip drive to cement global leadership

South Korea on Monday unveiled a broad industrial strategy focused on semiconductors and artificial intelligence, with President Lee Jae Myung announcing more than $576 billion in...

South Korea to invest nearly $1.2tn in chips, AI data centres

South Korea plans to invest nearly $1.2 trillion in a new chip-building hub and AI data centres, aiming to capitalise on soaring global demand and develop Read More: https://punchng.com/south-korea-to-invest-nearly-1-2tn-in-chips-ai-data-centres/

By Punch Newspapers

FG unveils 2026 push for industrial growth, trade, investment

The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […] The post FG unveils 2026 push for industrial growth, trade, investment appeared first on Vanguard News.

By Urowayino Jeremiah