Tech giants to invest $950B globally
South Korea's tech giants and global companies, including Nvidia, have agreed to undertake projects totaling up to $950 billion. These projects involve supplying high-performance semiconductors worth $750 billion to global firms, including Nvidia. The agreement also covers joint investments in large-capacity AI data centers and the construction of AI factories valued at $10 billion, aiming to establish South Korea as a reliable hub for AI semiconductor production. South Korea aspires to become a major player in the AI supply chain, with government plans for substantial investments in manufacturing complexes and AI infrastructure, alongside a vision to strengthen its position as a global center for chip manufacturing and advanced technology.
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