SemiconductorsSamsung and SK Hynix refer to planned factory location in more cautious termsSouth Korean chipmakers SK Hynix and Samsung are racing to keep up with surging demand for memory chips used in AI computing. (Nikkei montage/Source photos by Reuters and Getty Images)STEVEN BOROWIECJune 30, 2026 16:30 JSTSEOUL -- South Korean President Lee Jae Myung on Tuesday pledged to provide comprehensive support for a chipmaking project involving Samsung Electronics and SK Hynix that he says will drastically boost the country's standing as a semiconductor powerhouse.