Lee pledges to double chip output in 5 yrs, build AI supply chains free of disruption
NEW YORK — South Korean President Lee Jae Myung on Wednesday unveiled an ambitious plan to double his country's semiconductor production capacity and secure artificial intelligence (AI) supply chains free from external shocks, calling for fresh U.S. investments in the country. Lee made the remarks at the Korea Investment Summit in New York, attended by financial and corporate leaders from both…
South Korean President Lee Jae Myung pledged on Wednesday to double his nation's semiconductor production capacity within five years and establish AI supply chains that are resilient to disruptions, during a speech at the Korea Investment Summit in New York. The summit brought together financial and corporate leaders from both South Korea and the United States, aimed at promoting U.S. investment in the country.
Lee, referencing three megaprojects initiated earlier this year to construct a chip production cluster and other AI facilities, stated that the country will significantly expand its semiconductor production capabilities. He also announced the creation of a new "Future Fund," designed to nurture related industrial infrastructure and talent, ensuring a stable support system for future industries.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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