Korea's chipmakers — Samsung Electronics and SK hynix — and the government will invest 800 trillion won ($585 billion) to establish a semiconductor complex in the country's southwestern region, the government announced Monday. The government also unveiled plans to build AI data centers in the region, backed by 550 trillion won in investment from SK Group, GS Group and Naver. The project will initially provide 8.4 gigawatts of capacity, with a long-term goal of expanding it to 18.4 gigawatts by 2035. The announcement came as part of the government's three flagship megaprojects focusing on semiconductors, physical artificial intelligence (AI) and AI data centers, aimed at accelerating the country's AI-driven industrial transformation. The projects are also intended to promote high-tech investment across the country's southwestern, central and southeastern regions as part of a broader push for balanced regional development.
Lee set to unveil large-scale investment plans in advanced tech, including chip cluster