South Korea discussing new chip investments with Samsung, SK Hynix, presidential adviser says
24/06/2026 02:14
South Korea discussing new chip investments with Samsung, SK Hynix, presidential adviser says SEOUL, June 24 (Reuters) - South Korea's government is discussing with Samsung Electronics and SK Hynix plans for the next phase of large-scale investments in semiconductor production facilities, its chief presidential policy adviser said on Wednesday.
"Exponential and explosive" growth in demand for chips driven by the AI industry will require the two companies to speed up ongoing construction of new facilities by more than 10 years, Kim Yong-beom told a discussion panel.
(Reporting by Jack Kim
Editing by Ed Davies)((jack.kim@thomsonreuters.com; +822 6936 1455;))
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