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The Economic Times
The Economic Times

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

SK Hynix Jay Y Lee Lee Jae Myung Samsung Seoul South Korea Chey Taewon Memory

South Korea on Monday laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President Lee Jae Myung unveiled ​over $576 billion in chip investment to secure global dominance and rebalance ​growth.

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions ​with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

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