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The Economic Times
The Economic Times

Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

Samsung Group will unveil a sweeping decade-long investment plan ​on Monday, pledging 1,000 trillion won ($648 billion) to ​anchor South Korea's next growth cycle, including a possible 300 trillion won push ​to build chip factories in the country's southwest, a media report said.

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said on Friday, ‌without citing sources.

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