WSJ Tech News Briefing · Monday, June 29, 2026
The South Korean government announced that Samsung Electronics and SK Hynix will invest over $500 billion in a new chip-making hub. This initiative aims to create four new memory chip plants in the southwest region, a shift from their current production centers in the Seoul region. Both companies are the world's largest memory chipmakers, with market capitalizations exceeding $1 trillion.
“The South Korean government announced Samsung Electronics and SK Hynix plan to invest over $500 billion in a new chip-making hub, collaborating with the government's push to bring the AI boom to less developed regions.”
“They'll each invest about $260 billion in the new hub.”
“Samsung and SK Hynix are the world's two largest memory chipmakers.”