Author page: The Situation Report

South Korea to invest nearly $1.2 trillion in chips, AI data centres

SEOUL — South Korea will invest nearly $1.2 trillion — equivalent to more than two-thirds of its GDP — in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions. The enormous cash injection comes as Asia’s fourth-largest economy rides high on a global AI boom — with…

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