TECHNOLOGYJun 29 · 08:27 UTCWPLG LOCAL 10 MIAMIBy KIM TONG-HYUNG, Associated Press

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

Samsung Electronics and SK Hynix will invest $518 billion to build a chipmaking hub in South Korea's southwest region, driven by rising AI demand. The project, supported by President Lee Jae Myung, aims to expand semiconductor production beyond the Seoul area, with fabrication plants in Gwangju and plans for a nationwide semiconductor ecosystem.

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Samsung ElectronicsorganizationSK HynixorganizationLee Jae MyungpersonGwangjuplaceSouth KoreaplaceArtificial IntelligencetopicsemiconductortopicDemocratic Partyorganization

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