The South Korean government and leading technology companies are set to invest $1 trillion in several major projects aimed at enhancing global memory chip supply, establishing new AI data centers, and promoting the commercial use of humanoid robots by 2028. This announcement follows record profits and increased stock valuations for South Korean firms such as Samsung and SK Hynix, driven by rising demand for memory chips in the AI sector, which has resulted in supply shortages and increased prices for consumer electronics. Hyundai Motor Company is also working to mass-produce humanoid robots through its subsidiary, Boston Dynamics, to assist with labor-intensive tasks in automotive factories and other industries. South Korean President Lee Jae Myung emphasized the need to secure essential AI components quickly, describing semiconductors, physical AI, and AI data centers as critical for national advancement.
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South Korea to invest $1 trillion in memory chip production and humanoid robots
South Korea plans to invest $1 trillion in projects to boost memory chip production, develop AI data centers, and deploy humanoid robots by 2028. This initiative comes in response to increased demand for memory chips and aims to address supply shortages. President Lee Jae Myung highlighted the importance of securing AI-related technologies.
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Samsung
SK Hynix
Hyundai Motor Company
Boston Dynamics
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Lee Jae Myung
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South Korea to spend $1T on more memory chip production and humanoid robots
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South Korea to invest $1 trillion in memory chip production and humanoid robots