Samsung, SK hynix say Yongin won't be enough for AI era

Samsung Electronics and SK hynix on Tuesday reaffirmed plans to invest about 800 trillion won ($518 billion) to turn Korea's southwest into the country's next semiconductor hub beyond Yongin, citing surging AI-driven memory demand.

Samsung Vice Chairman Jun Young-hyun and SK hynix Chief Executive Officer Kwak Noh-jung laid out their investment road maps at a government-hosted event at the Kimdaejung Convention Center in Gwangju, a day after the government and major companies unveiled three megap ...