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This move is Lee’s boldest yet to align the nation’s tech ambitions with his pledge to narrow regional disparities and revive economies
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South Korearolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myungpledged 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
AIand 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 Electronicsand SK Hynix, the world’s two largest memory chipmakers, for the televised announcement.“We must secure the core elements of AI faster than any other country,” the president said. “Semiconductors, physical AI, and AI data centres are the triple axis for our great leap forward.”
The projects are expected to attract investments including by Samsung and SK over the next several years. Lee said the country’s southwestern city of Gwangju and South Jeolla province would also invest 5 trillion (US$3.2 billion) to 20 trillion won in the projects.
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