Grouped story
South Korea Announces $590 Billion Chip Investment
In a significant move to bolster its semiconductor industry, Samsung and SK Hynix have announced a combined investment of $590 billion aimed at expanding chip production. This initiative, supported by the South Korean government, is driven by soaring demand from AI data centers, with analysts predicting a 40-50% rise in memory prices in the third quarter of 2026.
Key points
80% of the global high-bandwidth memory market is controlled by Samsung and SK Hynix.