South Korea Unveils AI Declaration, Locks In $950 Billion in Chip Cooperation
Updated
Updated · Global Times · Jul 26
South Korea Unveils AI Declaration, Locks In $950 Billion in Chip Cooperation
3 articles · Updated · Global Times · Jul 26
Summary
President Lee Jae-myung said South Korea will become a “trustworthy production base and supply partner” for AI semiconductors, framing the country as a core node in the global AI supply chain.
On the same day, South Korean companies and global tech firms agreed to pursue semiconductor cooperation projects worth a combined $950 billion, giving Lee’s AI push immediate industrial backing.
That drive builds on June plans for three semiconductor megaprojects totaling more than 4,000 trillion won ($2.73 trillion), including physical AI and AI data-center capacity.
Seoul is pairing its memory-chip strength with broader outreach, including a Korea-ASEAN AI partnership initiative and participation by eight South Korean AI firms at China’s WAIC, to widen markets beyond its limited home base.