South Korea Unveils Over $580 Billion AI and Semiconductor Investment Plan
South Korea has announced a major industrial strategy investing over 650 billion won (approximately USD 583 billion) in semiconductors, artificial intelligence, and robotics over the next decade. Led by Samsung Electronics and SK Hynix, the plan includes building four new semiconductor fabrication plants in the underdeveloped southwest region, alongside AI data centers and advanced packaging facilities. The government aims to boost global competitiveness, address regional economic disparities, and secure a leading position in the AI-driven chip market amid rising global demand and competition, particularly from China.