South Korea Announces $500bn Chip Investment On Huge AI Demand

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South Korea’s chip industry will see a record investment of more than half a trillion dollars as demand soars for the components that power artificial intelligence data centres, the government announced Monday.

The 800 trillion won ($518 billion) project will comprise four chip fabrication plants in the comparatively underdeveloped southwest, Industry Minister Kim Jung-kwan told reporters.

The…

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