South Korea to spend $1T on more memory chip production and humanoid robots
3 days ago
- #Semiconductor Industry
- #South Korea Investment
- #AI Technology
- South Korea's government and top tech companies are investing $1 trillion in megaprojects to boost memory chip supply, build AI data centers, and deploy humanoid robots by 2028.
- The initiative follows record profits for Samsung and SK Hynix due to AI-driven memory chip demand, leading to shortages and higher prices in consumer electronics.
- South Korean President Lee Jae Myung emphasized the need to secure AI core elements faster than other countries, highlighting semiconductors, physical AI, and AI data centers as key.
- Samsung and SK Hynix plan to invest $585 billion in new chip fabrication plants, aiming to double South Korea's DRAM production within five years.
- Public debates and labor union concerns have arisen over chipmakers' profits during the AI boom and the potential impact of humanoid robots on the workforce.