To survive: Seoul to invest $880 billion in chips and AI development

South Korea is set to inject a massive $880 billion into bolstering its semiconductor and artificial intelligence (AI) sectors, signaling a strategic push to maintain global leadership.

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To satisfy the rapidly growing demand for semiconductors, we need to promptly complete the construction of production centers.

President Lee Jae-myung announced the ambitious plan, emphasizing the need for rapid development to meet escalating demand for semiconductors and AI-driven technologies. The investment aims to ensure South Korea's dominance in chip manufacturing, AI data centers, and related fields, positioning the nation ahead of international competitors.

Key industry players, including Samsung and SK Hynix, will be central to this initiative, dedicating significant resources to constructing new production facilities and data processing centers. President Lee lauded the leaders of these companies as "national heroes," underscoring their importance in the country's technological advancement.

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We are entering an era where everything changes in the blink of an eye.

"Speed is the only way to survive" in this rapidly evolving era, President Lee stated, pledging government support for creating a robust AI ecosystem. The government also committed to backing essential infrastructure projects, such as energy and water supply, for future manufacturing sites, though specific funding mechanisms remain undisclosed.

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Speed is the only way to survive.