Korea’s chip giants eye $1.3 trillion decade-long investment push

Samsung Electronics and SK Hynix are reportedly set to unveil up to 2,000 trillion won ($1.3 trillion) in 10-year investment plans, including new fabs and AI data centers, triggering stock declines; the announcement will be made at a government briefing chaired by President Lee Jae Myung and follows earlier reports of a 1,000 trillion won Samsung plan, underscoring Korea’s push to expand AI chip capacity.