Home / Technology / South Korea Bets Big: $259B Chip & AI Mega Projects Launched
South Korea Bets Big: $259B Chip & AI Mega Projects Launched
29 Jun
Summary
- Samsung to invest $259.25 billion in new semiconductor fabs in Gwangju.
- SK Group plans over $200 billion in semiconductor and AI data center projects.
- South Korea aims to be top three AI robot powers by 2030.
South Korea unveiled sweeping "mega projects" on Monday, focusing on critical sectors like semiconductors and artificial intelligence. Samsung Electronics announced a colossal investment of 400 trillion won ($259.25 billion) for new semiconductor fabrication plants in Gwangju, with additional investments planned for advanced high bandwidth memory fabs.
SK Group, another major conglomerate, detailed long-term plans for projects exceeding 1,100 trillion won in semiconductors and 1,000 trillion won for AI data centers. SK Hynix, a key supplier, is accelerating the construction of its Yongin semiconductor cluster, aiming for completion by 2033.
The government also revealed that SK, GS Group, and Naver will collectively invest approximately 550 trillion won in AI data centers, with potential to grow to over 1,000 trillion won. Furthermore, South Korea aims to become a global leader in AI robotics by 2030, developing industry-specific robots and training thousands of specialists.
