Samsung Group announced a $310 billion investment plan focused primarily on artificial intelligence technologies and semiconductor manufacturing capabilities. The South Korean conglomerate will construct a new memory chip production facility at Pyeongtaek Plant 5, scheduled to begin operations in 2028, while Samsung SDS will establish AI data centers in South Jeolla and Gumi to support expanding computational infrastructure demands.
The package extends beyond AI initiatives to include exploration of domestic production lines for next-generation electric vehicle batteries through Samsung SDI. The announcement follows government commitments to triple AI spending as President Lee Jae Myung pursues positioning the nation among the top three global AI powers alongside the United States and China.
Samsung Electronics reported third-quarter profits climbing over 30 percent annually on surging demand for high-performance memory chips essential to AI computing systems.
The package extends beyond AI initiatives to include exploration of domestic production lines for next-generation electric vehicle batteries through Samsung SDI. The announcement follows government commitments to triple AI spending as President Lee Jae Myung pursues positioning the nation among the top three global AI powers alongside the United States and China.
Samsung Electronics reported third-quarter profits climbing over 30 percent annually on surging demand for high-performance memory chips essential to AI computing systems.
