- Samsung and SK Hynix will pour about 800 trillion won ($518 billion) into a new chipmaking hub in southwest South Korea, each building two new fabrication plants as they expand beyond the Seoul area.
- The push targets Gwangju (possible sites include a relocating military air base) and is part of a government plan to boost the region and create a nationwide semiconductor ecosystem.
- The expansion is driven by surging AI demand for memory chips — companies say it will require lots of power, water and skilled workers, and officials highlight renewable energy as an advantage.
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