Chip Investment

Samsung Elect

2026-06-28 11:31:12

Samsung and SK Hynix to Announce Over 1,000 Trillion KRW Investment, South Korea's Semiconductor Super Project in Motion

South Korea's presidential office announced that Samsung Electronics and SK Hynix will unveil major investment plans during a meeting chaired by President Lee Jae-myung. The investment could exceed 1,000 trillion KRW (approximately $650 billion) over the next decade, focusing on a chip cluster in the Honam region. Dubbed a 'historic achievement,' this initiative will reshape the global semiconductor landscape, indirectly impacting crypto mining hardware costs and blockchain infrastructure.

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Samsung

2026-06-28 09:31:40

Samsung and SK Hynix to Announce 10-Year, 1000 Trillion Won Investment Plan Led by President Yoon

South Korea's presidential office announced that Samsung Electronics and SK Hynix will unveil a major investment plan on Monday at a meeting chaired by President Yoon Suk Yeol. The plan is expected to exceed 1,000 trillion won (~$650 billion) over 10 years, focusing on developing a semiconductor cluster in the southwestern Honam region. Samsung Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won will attend. The initiative is part of the government's 'three mega projects' for balanced regional development, jointly pushed by trade, technology, transportation, and energy ministries. Industry observers see this as a game-changer for global semiconductor supply chains, with significant implications for AI chips, HBM memory, and cryptocurrency mining hardware markets.

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