South Korea sets out major chip and AI investment drive
The government says it will channel more than $880 billion into semiconductors and artificial intelligence as regional competition intensifies.
South Korea has announced a large-scale spending plan for its chip and artificial intelligence industries, saying on Monday that it will commit more than $880 billion to the effort. The move is aimed at strengthening the country’s position as rivals in Asia pour money into advanced technology.
According to the government, the package is intended to support semiconductor manufacturing, AI development and related infrastructure. President Lee Jae Myung described the push as urgent, saying the country needs to move quickly to keep pace in the global AI race.
The announcement comes as Taiwan, China and Japan expand investment in chip plants and other technology projects. South Korea is already a major player in memory chips, and officials are seeking to protect that role while broadening into newer AI-linked industries.
The plan adds to a wider regional contest over supply chains, factory capacity and computing power, with governments treating semiconductors as a strategic industry.
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