Samsung, SK Prepare $1.3 Trillion Korea AI Push Over 10 Years
Updated
Updated · Bloomberg · Jun 29
Samsung, SK Prepare $1.3 Trillion Korea AI Push Over 10 Years
3 articles · Updated · Bloomberg · Jun 29
Summary
2,000 trillion won in fresh spending is set to be unveiled Monday by Samsung Group and SK Group at South Korea’s presidential office, according to Korea Economic Daily.
The 10-year plan targets memory chips, data centers and robotics, aiming to preserve South Korea’s lead in AI and reinforce its position as a technology powerhouse.
Samsung Electronics and SK Hynix shares already fell on the reports, with Samsung down 4.7% and SK Hynix off 3.1% in Monday trading.
The reported package follows an earlier Maeil Business Newspaper report that Samsung alone was weighing a 1,000 trillion won investment in semiconductors and AI.