Gov't, ruling party vow joint efforts to support chip cluster, AI investment projects
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. Late last month, the government unveiled its "three mega projects" initiative, envisioning a national transformation driven by semiconductors, physical AI and AI data centers that would require a combined investment of 4,755 trillion won (US$3.16 trillion). Under the initiative, the government envisions the creation of two memory chip fabrication plants by Samsung Electronics Co. and two fabs by SK hynix Inc. in the southwestern city of Gwangju and the surrounding Jeolla provinces.
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- ▪Late last month, the government unveiled its "three mega projects" initiative, envisioning a national transformation driven by semiconductors, physical AI and AI data centers that would require a combined investment of 4,755 trillion won (U
- ▪Under the initiative, the government envisions the creation of two memory chip fabrication plants by Samsung Electronics Co. and two fabs by SK hynix Inc. in the southwestern city of Gwangju and the surrounding Jeolla provinces.
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Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK Gov't, ruling party vow joint efforts to support chip cluster, AI investment projects Yi Wonju All News 11:19 July 13, 2026 This will let Google show Yonhap news articles that match or are related to your search Add Yonhap as a preferred source on Google SHARE Facebook X Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. LIKE SAVE PRINT FONT SIZE ABCDEFG ABCDEFG ABCDEFG ABCDEFG ABCDEFG SEOUL, July 13 (Yonhap) -- The ruling Democratic Party (DP) and the government agreed Monday to step up support for the government's recently unveiled large-scale chip cluster and artificial intelligence (AI) investment projects while pledging to swiftly push through related legislation.
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