South Korea announced a 5 trillion won ($3.52 billion) fund targeting chip materials, parts, equipment and fabless companies, while President Lee Jae Myung pushes for special legislation to fast-track semiconductor mega projects and the relocation of a military airbase by mid-2028 to make way for a chip cluster in Gwangju.
Operations at the first fabrication plant in South Korea's Yongin Semiconductor Cluster have been moved forward to 2029, one to two years ahead of the original 2030–2031 schedule, driven by surging demand for AI memory chips.
South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub to capitalize on surging AI-driven demand. President Lee Jae Myung framed the initiative as critical to securing South Korea's dominance in the AI boom.
South Korea unveiled a massive industrial strategy with over $576 billion in investments from Samsung Electronics and SK Hynix to build semiconductor manufacturing hubs and AI data centers, aimed at cementing the country's global leadership in chips and artificial intelligence.
