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DRAM Dips Premarket: Samsung, SK Hynix Announce $590B Expansion Push As South Korea Plans To Double DRAM Capacity
DRAM Dips Premarket: Samsung, SK Hynix Announce $590B Expansion Push As South Korea Plans To Double DRAM Capacity
2 min read
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Samsung and SK Hynix shares recouped losses from earlier in the day in Seoul as the official announc
2026-06-29
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South Korean President Lee Jae Myung, Samsung Electronics Chairman Lee Jae-yong, and SK Group Chairman Chey Tae-won announcing the government's AI investment plan in Seoul, South Korea on June 29, 2026. Kim Min-Hee/Reuters
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South Korea rolled out sweeping chip and AI mega-projects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments
2026-06-29
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2026-06-29
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Apple-Intel alliance to intensify foundry battle with Samsung, TSMC
Samsung Electronics said in February it would build foundry facilities at its Pyeongtaek Campus Samsung Electronics Co.'s foundry recovery faces a new threat after US President Donald Trump signaled strong White House backing for Intel Corp.'s contract chipmaking ambitions, just as Samsung and
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2026-06-29
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S
outh Korea unveiled a nearly $1.2 trillion public-private investment plan on Monday to expand semiconductor manufacturing and artificial intelligence infrastructure, with Samsung Electronics and SK hynix leading the country's largest-ever push to strengthen its position in the global AI supply chain.
The strategy combines an 800 trillion won ($518.2 billion) investment in new semiconductor fabr
2026-06-29
cryptobriefing.com
2026-06-29
Crypto Briefing
Samsung and SK Hynix plan massive new chip fabrication sites in South Korea to meet AI demand
South Korea's two semiconductor giants are in talks with the government to build a second chip cluster in
2026-06-29
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2026-06-29
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2026-06-29
www.techzine.eu
2026-06-29
Techzine Global
3 MIN
INFRASTRUCTURE
Samsung and SK Hynix invest $518B in expansion
MELS DEES
Jun 29, 2026, 3:46 PM GMT+8
South Korea aims to further strengthen its position in the global AI and semiconductor industry with a major investment program. Samsung Electronics and SK Hynix are each building two new chip factories. The project is part of a national program worth the equivalent of over 518 billion dollar
2026-06-29
www.chosun.com
2026-06-29
조선일보
By Han Ye-na
Published 2026.06.29. 16:32
Updated 2026.06.30. 14:26
President Lee Jae Myung, Samsung Electronics Chairman Lee Jae-yong, and SK Group Chairman Chey Tae-won hold hands at the Republic of Korea's Great Leap Three Major Mega-Projects Public Report Meeting held at the Cheong Wa Dae state guest house on the 29th. /News1
In line with the government’s policy to expand regional investment,
2026-06-29
cryptobriefing.com
2026-06-29
Crypto Briefing
South Korea announces $520B chip plant project with Samsung, SK Hynix
The country's largest-ever semiconductor investment includes four new fabs and a massive push into AI data centers
2026-06-29
mezha.net
2026-06-29
mezha.net
Samsung and SK Hynix will build two new chip fabs in South Korea
Monday, 29 June 2026, 10:26
Seoul aims to strengthen its semiconductor lead with two large new fabs. Negotiations on locations and investment size continue, leaving questions about timing and capacity.
Based on data from Reuters
The government of South Korea confirmed that Samsung Electronics and SK Hynix plan to invest in the cre
2026-06-29
www.chosun.com
2026-06-29
조선일보
By Pyo Tae-jun,
Han Ye-na
Published 2026.06.29. 14:55
Updated 2026.06.30. 14:15
Samsung Electronics Chairman Lee Jae-yong presents an investment plan at the Korea's Great Leap Forward 3 Mega Projects National Report Conference held at Cheong Wa Dae state guest house on the 29th. /News1
Lee Jae-yong, chairman of Samsung Electronics, stated, “We are planning Gwangju as a candidate site for the ne
2026-06-29
www.bloomberg.com
2026-06-29
Bloomberg.com
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Nikkei Asia
Country's president says move comes at 'decisive moment' as AI transforms the global economy
South Korean President Lee Jae Myung, center, Samsung Electronics Chairman Lee Jae-yong, right, and SK Group Chairman Chey Tae-won at the announcement of three mega projects at the Blue House presidential palace in Seoul on June 29. © Reuters
SEOUL -- President Lee Jae Myung on Monday announced an "unpre
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