South Korea's Largest Investment Plan in History? Samsung and SK Hynix May Jointly Invest 2,000 Trillion South Korean Won
DRAM production capacity is expected to double within five years
South Korean President Lee Jae-myung presided over the launch of the "Three Super Projects," announcing large-scale project plans in the fields of chips, physical AI, and AI data centers.
Lee Jae-myung stated that South Korea needs to accelerate the construction of chip production bases to meet demand. Existing factory sites are approaching their limits in terms of water resources and other infrastructure. Chip supply capacity will be expanded through investment in the southwestern region. New projects in the southwestern region will involve investments of 5 to 20 trillion South Korean won. The Gwangju and Jeolla regions may invest 520 trillion South Korean won in the projects.
The South Korean government stated that it expects to invest approximately 800 trillion South Korean won to build four chip factories in the southwestern part of the country. Samsung Electronics and SK Hynix will each build two chip factories. DRAM production capacity is expected to double within five years.
Previously, according to a report by The Korea Economic Daily, Samsung Group and SK Group were preparing to announce new investments of up to 2,000 trillion South Korean won ($1.3 trillion) over the next decade.
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