Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

SEOUL: Samsung Group will pledge on Monday 1,000 trillion won ($648 billion) in South Korea over the next decade, a media report said, in a sweeping effort to turn a global AI-driven chip boom into a nationwide growth engine.

Top executives from Samsung Electronics and SK Hynix – firms that have reaped huge profits as AI drives relentless demand for chips – will attend a meeting with President Lee Jae Myung and lay out investment plans targeting regions beyond Seoul, the Maeil ‌Business Newspaper said on Friday.