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South Korea unveils $1tn chip and AI investment plan
Key takeaways
- South Korea has unveiled plans for about $1tn (£760bn) of investments to build out the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years.
- It is part of the country's so-called Three Mega Projects to develop new chip production hubs, data centres and robotics technology.
- The plan is aimed at rejuvenating the economies of areas outside the capital Seoul, President Lee Jae-myung said on Monday.
Why this matters: a developing story that could shape the day's news cycle.
Bloomberg via Getty Images Image caption, South Korean President Lee Jae-myung
South Korea has unveiled plans for about $1tn (£760bn) of investments to build out the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years.
It is part of the country's so-called Three Mega Projects to develop new chip production hubs, data centres and robotics technology.
Article preview — originally published by BBC News. Full story at the source.
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