South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand.

Chip giants poised to announce as much as 2,000 trillion won (S$1.7 trillion) in fresh investments over a ten year period. Read more at straitstimes.com. Read more at…

Local media have reported that the planned investments could exceed 1,000 trillion won (US$651.41 billion) over the coming years.