Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea
26-Jun-2026
Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor South Korea's next growth cycle, including a possible 300 trillion won push to build chip factories in the country's southwest, a media report said.
The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said on Friday, without citing sources.
Top executives from heavyweights including Samsung Electronics and its rival SK Hynix will attend the meeting and lay out investment plans targeting regions beyond Seoul and its surrounding hubs, the report said.
News Source:- https://economictimes.indiatimes.com/tech/artificial-intelligence/samsung-readies-648-billion-bet-report-says-as-ai-boom-reshapes-south-korea/articleshow/132006375.cms
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