SemiconductorsCountry's president says move comes at 'decisive moment' as AI transforms the global economySamsung Electronics and SK Hynix plan to work with the South Korean government in the increasingly competitive global artificial intelligence industry. (Source photos by Reuters and Ken Kobayashi)STEVEN BOROWIECJune 29, 2026 16:22 JSTSEOUL -- President Lee Jae Myung on Monday announced an "unprecedented" 800 trillion won ($520 billion) investment plan with Samsung Electronics and SK Hynix to expand chipmaking capacity in South Korea in order to stay competitive in the global artificial intelligence race.
South Korea announces $520bn chip plant project with Samsung, SK Hynix
Country's president says move comes at 'decisive moment' as AI transforms the global economy
TL;DRAI
South Korea announced a $520bn (800 trillion won) chip expansion plan with Samsung and SK Hynix to strengthen AI semiconductor capacity. The investment signals a geopolitical prioritization of foundational AI chip supply chains, crucial for competing in enterprise AI infrastructure against US and China.
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