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International Business Times UK
International Business Times UK
World
Tanmay Puri

Samsung Eyes $648 Billion Mega Investment to Supercharge South Korea's AI and Chip Ambitions

South Korea Lee Jae Myung Semiconductor SK Hynix Samsung Seoul Kim Yongbeom Memory Samsung Group SK
Samsung Plans £478 Billion Investment as South Korea Pushes to Lead AI and Chip Race (Credit: Kenneth C. Zirkel, CC BY-SA 4.0, via Wikimedia Commons)

Samsung Group is set to pledge 1,000 trillion won, equivalent to about £478 billion, in South Korea over the next decade as part of a wide-ranging investment drive centred on artificial intelligence and semiconductor manufacturing.

According to reports, the announcement is expected to be made on Monday during a meeting between President Lee Jae Myung and senior executives from Samsung Electronics and SK Hynix.

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