Samsung and SK Hynix announce a joint $518 billion investment in artificial intelligence |
Samsung and SK Hynix announce a joint $518 billion investment in artificial intelligence
The tech giants are partnering on a chipmaking hub in South Korea’s southwest region.
South Korean President Lee Jae Myung, center, holds hands with Samsung Electronics Chairman Lee Jae-yong, right, and SK Group Chairman Chey Tae-won after an announcement of building a new computer chipmaking hub, as they meet at the Blue House presidential office in Seoul, South Korea, Monday, June 29, 2026. [Photo: Kim Min-Hee/Pool Photo via AP]
South Korean tech giants Samsung Electronics and SK Hynix said Monday they will invest a combined 800 trillion won ($518 billion) in building a new computer chipmaking hub in the country’s southwest region, capitalizing on surging artificial intelligence-driven demand.President Lee Jae Myung joined the companies’ chairs Monday in announcing the plan, which dovetails with the government’s efforts to expand investment beyond........