South Korea's mega chips gamble tests optimism of AI cycle

Lee calls Samsung, SK chiefs 'national heroes' in W900tr chip push

South Korea is betting nearly 900 trillion won (583 billion) that the artificial intelligence boom will create enough demand for memory chips to justify building an entirely new semiconductor production belt outside the Seoul metropolitan area. At Monday's presidential public briefing on the government's three megaprojects, Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won unveiled investment plans totaling 881 trillion won, including four memory fabs in the southwest

South Korea bets $880bn to win the AI era

South Korea has placed its biggest bet yet on the AI era. The plan commits at least 880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to survive. President Lee Jae Myung unveiled the [] This story continues at The Next Web

सामसुङको नाफामा ऐतिहासिक छलाङ

काठमाडौँ। कृत्रिम बौद्धिकता (एआई) प्रविधिसँग सम्बन्धित मेमोरी चिपको विश्वव्यापी माग तीव्र रूपमा बढेसँगै दक्षिण कोरियाली प्रविधि कम्पनी सामसुङ इलेक्ट्रोनिक्सले दोस्रो त्रैमासिक परिचालन नाफामा ऐतिहासिक उछाल आउने प्रक्षेपण गरेको छ। कम्पनीले मङ्गलबार सार्वजनिक गरेको प्रारम्भिक विवरणअनुसार अप्रिल–जुन अवधिमा परिचालन नाफा ८९४ खर्ब वोन (५८ अर्ब ४० करोड अमेरिकी डलर) पुग्ने अनुमान गरिएको छ। जुन गत वर्षको []

S. Korea to mandate ESG disclosures for large listed firms from 2028

SEOUL, July 8 (Yonhap) -- South Korean companies with 10 trillion won (US6.5 bi...