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South Korea To Invest $7 Billion In AI By 2027

Yoon Suk Yeol South Korea Semiconductor Samsung SK Hynix Artificial Intelligence

US President Joe Biden (L) and South Korean President Yoon Suk Yeol tour a Samsung chip factory in 2022 (Credit: AFP)

South Korea will invest almost $7 billion in artificial intelligence by 2027 in an effort to become a global leader in cutting-edge semiconductors, President Yoon Suk Yeol said Tuesday.

The country is home to Samsung and SK Hynix -- the world's top two makers of memory chips, including the premium high-bandwidth memory (HBM) used in the hardware that powers AI.

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