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Samsung and SK Hynix announce a joint $518 billion investment in artificial intelligence

Fast Company 29 June 2026 7h ago
Samsung and SK Hynix announce a joint $518 billion investment in artificial intelligence
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South Korean tech giants Samsung Electronics and SK Hynix said Monday they will invest a combined 800 trillion won ($518 billion) in building a new computer chipmaking hub in the country’s southwest region, capitalizing on surging artificial intelligence -driven demand. President Lee Jae Myung joined the companies’ chairs Monday in announcing the plan, which dovetails with the government’s efforts
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