On June 28, 2026, multiple South Korean media outlets reported that President Lee Jae-myung will announce a...

On June 28, 2026, multiple South Korean media outlets reported that President Lee Jae-myung will announce a 'megaproject' semiconductor investment plan involving Samsung and SK Hynix on June 29. The plan, described as comparable to the Gyeongbu Expressway construction (edaily.co.kr), is expected to include a semiconductor cluster in the Honam (South Jeolla) region. The presidential office confirmed that Samsung and SK Hynix will unveil their investment plans this week (koreatimes.co.kr). The announcement will involve four ministries and is anticipated to outline a 1,000 trillion won investment blueprint (etoday.co.kr, fnnews.com). This signals a massive capacity expansion for both memory and foundry sectors, boosting Samsung's long-term production capabilities. The investment is politically supported but faces criticism from opposition parties regarding regional favoritism (segye.com, hanmi.com). Additionally, Jefferies warned of memory price surges of 50% in Q3 and 40% in Q4 2026 (wccftech.com), and Lenovo confirmed high memory prices are the new normal (donanimgunlugu.com). The capex announcement positions Samsung to capitalize on the tight supply environment. Apple's reported interest in Chinese memory chips (benzinga.com) could be a long-term competitive threat, but the immediate impact of the mega investment is positive for Samsung.