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Jun 29, 2026
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South Korea Invests in Chip and AI Projects

OBBM Network Editorial Staff
June 29, 2026
South Korea Invests In Chip And Ai Projects

South Korea has announced three ‘mega projects’ covering semiconductors, physical AI, and AI data centers, with major companies like Samsung Electronics and SK Group outlining investment plans.

Samsung’s Investments

Samsung plans to invest 400 trillion won ($259.25 billion) in new semiconductor fabs in the southwestern city of Gwangju. The company also plans to invest 56 trillion won to build advanced high-bandwidth memory (HBM) fabs in Cheonan and Onyang.

SK Group’s Plans

SK Group, South Korea’s second-largest conglomerate, has long-term plans for projects to increase its production of semiconductors worth about 1,100 trillion won, and for AI data center projects worth about 1,000 trillion won.

AI Data Centers

The government said SK, conglomerate GS Group, and tech giant Naver will invest a total of around 550 trillion won to build a combined 8.4 GW of AI data centers in an initial phase, with construction targeted to begin by the first half of 2028.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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