Tech Brew Ride Home · Monday, June 29, 2026
South Korea, along with Samsung and SK Hynix, plans to invest approximately $590 billion to develop a new chip complex, including four manufacturing plants and a packaging cluster. This significant investment aims to expand capacity and address chip shortages exacerbated by the AI boom.
“The nation of South Korea and the Korean companies Samsung and SK Hynix say they plan to collectively invest around $590 billion to build a new chip complex, including four chipmaking plants and a chip packaging cluster.”
“South Korea has announced a nearly $600 billion plan for the world's two largest memory chipmakers to significantly expand capacity as the AI boom exacerbates chip shortages.”
“Samsung Electronics and SK Hynix will invest a combined $590 billion alongside the government to build chipmaking facilities in underdeveloped parts of South Korea.”