South Korea bets $651 billion on AI and chips to challenge the global semiconductor order
South Korea is unveiling over $651 billion in AI and semiconductor investment today, with Samsung pledging $648 billion over a decade and SK Hynix adding its own targets. The plan, anchored by a new chip cluster in the underdeveloped southwest around Gwangju, is the largest coordinated government-industry AI commitment outside the US and China, and puts direct pressure on TSMC's hold over advanced packaging.