'Do-or-die' chip investment in AI era

President Lee Jae Myung this week announced a blueprint to invest more than 700 trillion won ($534 billion) in the semiconductor sector to gain an edge in the artificial intelligence (AI)-driven global chip race through 2047. "It's a do-or-die situation," he said. One of the tangible outcomes would be 10 new fabrication plants, likely in the cluster under development in Yongin, Gyeonggi Province. As the AI-driven chip race continues, this vision and investment plan is highly timely. The government plays a role mainly through incentives, including a public fund, and deregulation allowing Korea's leading firms to make massive investments. Around 40 CEOs of Korea's top firms, including Samsung and SK hynix, were present for the announcement, and they welcomed a possible easing of the separation of industrial and financial capital that would accelerate the sourcing of funds while spreading out the risks. The South Korean semiconductor industry is a force to be reckoned with in the global memory chips sector. However, Chinese manufacturers are quickly gaining ground. The Changxin Memory TechWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times