Samsung and SK Hynix are building $520 billion worth of new chip plants in South Korea

ONP Summary

President Lee Jae-myung unveiled a government and private sector investment drive targeting semiconductor manufacturing and artificial intelligence infrastructure, with Samsung and SK Hynix committing to build new production facilities in regions outside Seoul. The program aims to establish South Korea's technological leadership in chips and AI while redistributing economic development to address disparities between the capital and other regions.