South Korea Unveils $518 Billion Plan for New Semiconductor and AI Production Base

South Korea announced an 800 trillion won ($518 billion) plan to establish a new semiconductor production base in its southwestern region, aiming to secure "absolute competitiveness" in advanced technologies for the emerging AI era. This initiative, part of "three mega projects," involves large-scale investments from chip giants like Samsung Electronics and SK Hynix, alongside government support for semiconductors, physical AI, and AI data centers.