South Korea's Samsung Electronics is expected to announce a record domestic investment plan next week, according to local media reports, in a massive bet on AI-driven semiconductor demand.
The 1,000 trillion won ($650 billion) package, to be announced by the chip giant and the government, is in line with President Lee Jae Myung's agenda for development in regions outside of the capital Seoul.
Lee will host a "National Mega Project" briefing on Monday, where Samsung will unveil major long-term investment plans, the reports said.
Rival chipmaker SK hynix is also expected to announce spending plans at the same event.
Both companies are top producers of advanced memory chips used in the data centers that train and run artificial intelligence tools like chatbots and image generators.
