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South Korea announces $1tn chip and AI fund
South Korea announced a plan to invest approximately $1 trillion to enhance its semiconductor and AI industries. The initiative, part of the Three Mega Projects, aims to develop new chip manufacturing hubs, data centers, and robotics technology outside Seoul. Led by President Lee Jae-myung, the plan seeks to address regional economic disparities and capitalize on the rising global demand for AI chips, with major companies like Samsung and SK Hynix involved in building new infrastructure.
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