On June 29, 2026, the South Korean government announced a sweeping plan for Samsung Electronics and SK Hynix to invest...

On June 29, 2026, the South Korean government announced a sweeping plan for Samsung Electronics and SK Hynix to invest up to $880 billion over a decade in new chip fabs, data centers, and robotics. Bloomberg reported that companies led by Samsung and SK Hynix will initiate large-scale investments. The Financial Times cites a ~$590B plan to build a new chip complex with four fabs and a packaging cluster. Digitimes adds that the hub will be located in South Korea's southwest. The announcement also includes Samsung's chairman backing the regional cluster (source). A separate Digitimes report on June 28 notes Samsung is slowing next-gen memory push, but the overall capex signal is strongly positive for the company's AI infrastructure buildout. The investment is expected to significantly boost Samsung's foundry and memory capacity for AI workloads, benefiting downstream AI chip designers like NVIDIA and AMD, while intensifying competition with TSMC and Micron. Korean stocks rebounded on the news (Bloomberg).