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The South Korean government has announced an unprecedented investment plan in the semiconductor sector worth up to 2000 trillion won ($1.3 trillion) over the next ten years, with the participation of Samsung Electronics and SK Hynix, as part of the "Three Major Mega Projects for Great Rebirth" initiative launched by President Lee Jae-myung.

These investments aim to strengthen South Korea's leadership in vital future industries such as artificial intelligence, semiconductors, and robotics.

The plans include building four to five new factories each for Samsung and SK Hynix in the Gwangju region, as well as expanding manufacturing activities to areas beyond traditional chip production.

Samsung prepares for a massive $650 billion investment to capitalize on the AI boom

The plan also includes Samsung's investments in advanced chip assembly facilities in South Chungcheong Province, while SK Hynix works to increase NAND Flash memory production capacity in North Chungcheong Province.

These moves reflect Samsung's long-term commitment to developing manufacturing technologies and expanding its activities in areas such as foundry, chip packaging, and advanced memory.

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SK hynix Semiconductors Technology Business Samsung

Editorial team Follow on X Send an email Last updated: June 29, 2026

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