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South Korea unveils US$650 billion megaprojects to dominate global AI, chip market

South Korea unveils US$650 billion megaprojects to dominate global AI, chip market
South China Morning Post Monday 29 June 2026, 06:09 UTC By Reuters 1 min read
Key Points

South Korea rolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years. The announcement marks ⁠Lee’s boldest push yet to align South Korea’s AI and chip ambitions with ‌his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of ‌Samsung Electronics and SK Hynix, the...

South Korea rolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years. The announcement marks ⁠Lee’s boldest push yet to align South Korea’s AI and chip ambitions with ‌his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of ‌Samsung Electronics and SK Hynix, the world’s...
South Korea (LOCATION) AI (ORG) Lee Jae Myung (PERSON) ⁠Lee (ORG) South Korea’s (LOCATION) Seoul (LOCATION) Lee (PERSON) ‌Samsung Electronics (ORG) SK Hynix (PERSON)
Originally published by South China Morning Post Read original →

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