Samsung is reportedly planning to invest KRW100 trillion ($646 billion) in its home market of South Korea over the next decade. The investment is believed to cover chips, AI data centres, batteries and displays.
South Korean newspaper Maeil Business reported the plan will be officially unveiled on the 29th June 2026, with executives from Samsung and fellow domestic powerhouse SK Hynix set to attend a briefing with the nation’s President Lee Jae Myung.
The briefing will outline “three major mega-projects” to advance South Korea, which has led to media speculation as to what will be announced.
According to Maeil Business, the two companies will lay out investment plans and a push to target growth across regions beyond the capital of Seoul.
Planned investment figures from SK Hynix, which announced plans to hold an IPO in the US earlier this week, were not revealed.
Acceleration
Samsung has apparently earmarked KRW100 trillion to be spent on AI data centres, batteries and displays, which will represent an initial investment. It could expand this to an additional KRW300 trillion to build out chip factories in the south-west of the country.
South Korea’s presidential policy chief Kim Yong-beom revealed in an interview, released by the government on YouTube, the event will focus on key areas including semiconductors, AI data centres and physical AI.
Reuters reported Kim has pressed the country’s big players like Samsung and SK Hynix to accelerate projects meant for the 2040s to the 2030s because demand for memory chips and storage has accelerated.
Source: Mobile World Live
Image Credit: Samsung
Source: Tahawul Tech