South Korea unveils US$650 billion megaprojects to dominate global AI, chip market
AI Summary
South Korea announced $650 billion in megaprojects targeting domination in the global AI and semiconductor chip markets. President Lee Jae Myung emphasized industry leadership and regional economic revival, with participation from major companies like Samsung Electronics and SK Hynix.
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 world’s...