SEOUL — The South Korean government is holding discussions with Samsung Electronics and SK Hynix about the next wave of large-scale semiconductor facility investments, according to a government official who spoke Wednesday. An announcement regarding a new chip manufacturing cluster is expected in the near future.
A presidential policy adviser, Kim Yong-beom, told a discussion panel that demand for chips fueled by the artificial intelligence industry has been nothing short of “exponential and explosive.” He said that surge in demand could force both companies to accelerate their current chip facility construction timelines by more than 10 years, potentially completing projects by 2034 to 2035.
“The question is how we will support the AI revolution. Looking ahead to the next stage after seven or eight years, we are faced with the challenge of finding a massive new site for a second cluster,” Kim said.
