Samsung and SK hynix commit $519 billion to build semiconductor complex in southwestern South Korea
Summary
Samsung Electronics and SK hynix have pledged a combined 800 trillion won ($519 billion) to build a massive semiconductor complex in South Korea's southwestern region, as part of the government's broader megaprojects focused on artificial intelligence, physical AI, and data centers. President Lee Jae-myung joined Samsung Executive Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won at Cheong Wa Dae to announce the initiative, which aims to solidify South Korea's position as a global leader in the semiconductor and AI industries.
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bskySamsung and SK hynix commit $519 billion to build semiconductor complex in southwestern South Koreakoreatimes.co.krKey quotes
· 3 pulledSamsung Electronics and SK hynix will invest 800 trillion won ($519 billion) to establish a semiconductor complex in the country's southwestern region.
President Lee Jae Myung joins hands with SK Group Chairman Chey Tae-won, left, and Samsung Electronics Executive Chairman Lee Jae-yong, right, during a public briefing at Cheong Wa Dae in Seoul.
Korea unveils megaprojects focused on semiconductors, physical AI, data centers
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