South Korea has announced a sweeping $1.2 trillion investment initiative aimed at expanding its semiconductor manufacturing capacity and artificial intelligence data center infrastructure.
The multi-year plan, equivalent to more than two-thirds of the nation's GDP, represents one of the largest state-backed technology spending programs in history.
President Lee Jae Myung is set to formally unveil the comprehensive package, which seeks to capitalize on the global surge in demand for AI hardware and advanced chips.
The strategy places domestic industry leaders Samsung Electronics and SK Hynix at the center of the national effort.
By directing capital toward both chip fabrication and the physical infrastructure required for AI workloads, the government aims to secure a dominant position in the next generation of computing.
This approach mirrors broader global trends where nations are treating semiconductor supply chains as critical national security assets.