Numbers in the trillions have a way of losing their edges, so it is worth holding this one still for a moment.
Samsung is expected to announce plans to invest 1,000 trillion won, around $647.5bn, in South Korea over the next 10 years, according to local media reports that several outlets carried on 25 June.
The pledge, if it lands as described, would be one of the largest corporate investment commitments the country has seen.
The announcement is scheduled for 29 June at the presidential office, where executives are expected to appear alongside President Lee Jae Myung.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Samsung Electronics will not be the only chipmaker in the room. Executives from SK Hynix, its domestic rival, are also expected to attend and to unveil investment plans of their own, aimed at regions outside Seoul and the cities that ring it.
