According to the latest news, Samsung Group is scheduled to announce a plan to invest 1,000 trillion Korean won (US $648 billion) in high-tech industries over the next decade at a meeting at the presidential office on June 29. The investment would be the largest ever announced by a South Korean company, amounting to approximately half of the nation's gross domestic product (GDP). This investment represents a comprehensive blueprint encompassing strategies for core businesses, including semiconductors, AI data centers, energy storage batteries, and displays. It may also include the construction of a chip factory in Jeolla Province, South Korea, with an estimated expenditure of around 300 trillion won.
Edited by Cassie Li, lixiangying@mysteel.com
