South Korea Announces $450 Billion Chip Investment Plan

South Korea has announced a $450 billion investment plan for its semiconductor industry through 2030, the largest such commitment in the country's history.

The initiative, involving Samsung, SK Hynix, and dozens of smaller suppliers, aims to maintain South Korea's position as a global leader in memory chips while expanding into advanced logic chips.

"Semiconductors are the foundation of our economic security," said South Korean President Yoon Suk-yeol. "We will ensure Korea remains at the forefront of this critical industry."

The announcement comes as the US, China, Japan, and Europe all pursue aggressive chip industrial policies.