Samsung to invest 650B in AI

Samsung is planning to invest approximately $650 billion over ten years to strengthen its capabilities in artificial intelligence and semiconductors. The company is also set to build a new complex in southwestern South Korea to support the surge in demand for AI-powered computing chips. This move is part of a broad expansion strategy to enhance the company's global presence and aligns with the South Korean government's vision to develop non-urban areas. Samsung is competing with SK Hynix in the memory chip market, which is experiencing record profits due to the current boom in artificial intelligence.

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