South Korea to the rescue: The world's biggest chipmakers will drop $590 billion to end RAMageddon, but there's a catch
Key takeaways
- South Korean President Lee Jae Myung, standing alongside Samsung Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, unveiled the plan on Monday at the Blue House in Seoul.
- Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this 'explosion'
South Korea to the rescue: The world's biggest chipmakers will drop $590 billion to end RAMageddon, but there's a catch Dave Smith Wed, July 1, 2026 at 6:35 PM GMT+7 7 min read 005930.KS 000660.KS Samsung Electronics and SK Hynix, two of the largest makers of memory chips on the planet, will invest a combined $590 billion alongside the South Korean government to build a sprawling new manufacturing complex in an effort to relieve the AI-driven shortage that has sent the price of computer memory soaring worldwide.
South Korean President Lee Jae Myung, standing alongside Samsung Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, unveiled the plan on Monday at the Blue House in Seoul. The president announced plans to strengthen the country's leadership in semiconductors and expand its AI infrastructure through large-scale investments and new manufacturing capacity, saying South Korea must move faster than rivals to secure the technologies underpinning the AI era, according to CNBC (1).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one