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SEOUL: Huge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts say.
Seoul announced huge private-public investments on Monday totalling nearly $1.2 trillion — equivalent to more than two-thirds of South Korea’s GDP — for new semiconductor factories and AI data centres.
What has driven South Korea’s boom, and where it could be heading:
Sky-high profits
